Why is Picturehouse falling/rising?

As of 29-Aug, Picturehouse Media Ltd's stock price is currently at 8.15, reflecting an increase of 0.48 or 6.26%. The stock has outperformed its sector by 6.1% today and has gained after two consecutive days of decline. Despite this positive movement, the stock has shown a year-to-date decline of 16.41% and a one-year decline of 8.01%. The stock's performance is above its 20-day, 50-day, 100-day, and 200-day moving averages, but it is below its 5-day moving average. However, there is a concerning trend of falling investor participation, as the delivery volume has decreased by 23.84% compared to the 5-day average. The company faces significant challenges, including a negative book value, weak long-term growth, and high debt levels, which contribute to its overall risk profile.
In the broader market context, Picturehouse's short-term return of 0.49% over the past week contrasts sharply with the Sensex, which has declined by 1.84% during the same period. This indicates that while the stock is experiencing a positive movement relative to its recent performance, it is still struggling with fundamental weaknesses that could hinder long-term growth. The company's poor financial results, including a 100% drop in PAT and negative EBITDA, further complicate its outlook. Thus, while the stock is rising today, the underlying financial issues and market conditions suggest caution for investors.