Why is South. Magnesium falling/rising?

As of 08-Jul, Southern Magnesium & Chemicals Ltd is currently priced at 130.00, showing no change (0.00%). The stock has outperformed its sector by 0.37% today, although it is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a slight increase of 0.08%, but it has significantly underperformed in the longer term, with a decline of 5.39% over the past month and a staggering 50.19% year-to-date. The company is facing operational losses, with a negative profit before tax and a return on equity of 25.3, indicating an expensive valuation relative to its peers. Additionally, the delivery volume has decreased by 77.29% against the 5-day average, suggesting falling investor participation.
In the broader market context, while the stock has shown some resilience in the short term, it has significantly lagged behind the benchmark, which has returned 1.85% over the past month and 7.13% year-to-date. The stock's performance over the last year has been particularly poor, with a return of -46.28%, contrasting sharply with the market's positive return of 1.98%. This underperformance indicates that investor sentiment is weak, likely due to the company's ongoing operational challenges and the lack of positive financial results, which have contributed to its declining stock price.