Why has the De Grey share price leapt 36% in a month?

The De Grey Mining Ltd (ASX: DEG) share price has turned a corner since 12 July having bounced from a low of 73.5 cents.

It now rests at $1 per share before the open on Friday, having stretched up 36% in that time.

Comparatively, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) has gained around 6.5% in the same time, and the benchmark S&P/ASX 200 Index (ASX: XJO) around 6%.

Series of fortunate events

The company has released 5 price-sensitive updates in the last month of trade, starting with its quarterly cash flow and activities reports on 29 July.

Following on just 4 days later, it posted the slide deck of its presentation at the 2022 Diggers and Dealers conference.

Aside from that, ASX mining shares have also caught a bid over the past month, as explained above.

And how could we forget gold, the beloved yellow metal has spiked 6% from 20 July, after plunging to 52-week lows. The question is, can gold now retrace the losses from its previous high, as seen below?

It would be terrific for the company if it did – on August 1 De Grey announced a "major gold intersection" at its Diucon site extending its previous mineral resource estimate by 200 metres.

Hence with these factors combined it's been a bullish 30 days of trading for the company's shares.

Zooming out, and De Grey's share price has followed a similar trajectory to gold over the past 12 months, all the way up until this point.

Note that it is down almost 17% in that time or more than 16% this year to date.