Shares of Lifevantage Corporation (OTC: LFVN), a dietary supplement company engaged in the marketing and sale of its products through the network marketing, or multi-level marketing industry, are soaring in trading today.
At last check, LFVN shares were trading 9.12% higher at $3.23 on above average volume of 403,353 The stock touched an intra-day high of $3.24 in trading today.
Lifevantage shares have now gained more than 13% in the last three trading sessions. In the last three months, the stock has fallen 12.97%.
According to a filing made by LFVN earlier this month, the company’s wholly-owned subsidiary, Lifevantage Japan KK, on July 2, 2012, as lessee, entered into a fixed-term building lease agreement with Gashy Enterprise KK, as lessor, for office space located at ARCO Tower, 8-1, Shimomeguro 1 chrome, Meguro-ku, Tokyo. The lease has a term of five years, starting August 1, 2012. The monthly rent is around $108,000.