Why is Nova Iron &Steel falling/rising?

As of 23-Jul, Nova Iron & Steel Ltd's stock price is currently at 14.69, reflecting a slight increase of 0.05 or 0.34%. Today's price summary indicates that the stock has outperformed its sector by 1.53% and is trading higher than the 20-day, 50-day, and 100-day moving averages, although it is lower than the 5-day and 200-day moving averages. Despite this positive movement, the stock has shown a negative performance over the past week, declining by 3.23%, while it has increased by 4.93% over the past month. However, the company faces significant challenges, including a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a strong sell. The company has reported negative results for the last three consecutive quarters, with a decline in net sales and operating profits, indicating ongoing financial difficulties.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date decline of 16.72% against a market increase of 5.87%. Over the past year, Nova Iron & Steel has underperformed significantly, generating a return of -35.00% while the broader market has seen a modest gain of 2.86%. This stark contrast highlights the stock's struggles relative to market conditions, despite some recent positive movements in price and investor participation.