Why is Nova Iron &Steel falling/rising?

As of 08-Sep, Nova Iron & Steel Ltd is experiencing a price increase, currently at 14.65, reflecting a change of 0.51 or 3.61% upward. The stock has outperformed its sector today by 3.4%, although it is trading higher than its 5-day and 100-day moving averages, but lower than its 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has shown a return of +0.90%, while its one-month return is +2.09%. However, the company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a decline in net sales and operating profit over the last five years. Additionally, the stock has underperformed the market with a one-year return of -34.95%, compared to the broader market's negative return of -0.49%.
In the broader market context, Nova Iron & Steel's short-term performance has been better than the benchmark, as indicated by its recent returns. Despite this, the stock's overall performance has been concerning, particularly due to a high debt-to-equity ratio and negative operating profits. The company's majority shareholders are non-institutional, which may contribute to its volatility. Furthermore, the significant drop in delivery volume by 46.74% against the 5-day average suggests a decline in investor participation, which could impact future price movements. Overall, while there is a short-term uptick in price, the underlying fundamentals indicate a precarious position for the stock.