Lifevantage (OTC: LFVN), a science-based nutraceutical company that manufactures dietary supplements and cosmetics, is still seeing its stock make gains after the company announced it had made a charitable donation to Hunger Relief International. The company, along with its independent distributors, donated the equivalent of 200,000 meals to feed starving children in Guatemala and Haiti. Lifevantage’s donation will also help provide vegetable gardens, educational programs for children, training programs for adults and health care for those living in the poor, rural areas of Guatemala.
Lifevantage, known for Protandim, the Nrf2 Synergizer patented dietary supplement, is dedicated to visionary science. The company focuses on anti-aging products that reduce stress at the cellular level. The company was founded in 2003 and has operations in San Diego, California, with headquarters in Salt Lake City, Utah.
Lifevantage’s stock has been climbing up the charts since Tuesday. It has gained a respectable $0.17 since then, from $2.79 to today’s closing price of $2.96. After closing at $2.95 last night, the stock opened at $2.99. After slipping to $2.91, the stock closed at $2.96, with a gain of one penny, or 0.34%. The stock price peaked at $3.84 on April 2, 2012. The price dropped down to $2.90 two weeks later and then rose up to $3.70 on May 11, 2012. The price declined again to $2.62 on June 7, 2012, rose back up to $3.11 on June 12, 2012, and has stayed under $3 since then. The company’s stock price was fairly low, staying in the $1.50 range, until it started climbing up the charts in February 2012.
Despite the small gain in stock price, volume was down by more than 100,000 shares. Just under 172,000 shares were traded today, compared to the average daily volume of 273,709 shares. The company reached its 52-week high on March 14, 2012, when more than 7.6 million shares were traded. The day before saw 3.8 million shares traded and the day after saw a volume of 2.4 million shares.
Penny stock newsletters heavily promoted Lifevantage in April and May 2012 after the stock made some massive gains. It also received a few mentions earlier this month after seeing some spikes in volume. The stock has made some small gains this week, a 6% increase overall. While this may not seem that big, there are still many more trading days to come and sometimes slow and steady wins the race.