This stock has come on my radar due to its recent upward move...

This stock has come on my radar due to its recent upward move (100% in 2 months on elevated volume !). Where there is smoke there is always fire.

But on further analysis it only has around 6 months cash left before its bust and basically makes no revenue despite having > $20m market cap.
It seems to be a business established to collect government grants (and capital from retail speculators). see half year revenue analysis below.

No doubt there will be either a capital raise shortly or it will just go bust, neither is beneficial for the stock, so why is it up 100% in 2 months? what am I missing?