LYFE Communications, Inc. (OTC:LYFE) stock price has climbed up in the last couple of trading sessions on increased trading activity. There is no news to justify this move, however. 
Monday session closed with a 10% gain in value at $0.055 and during the day LYFE broke one resistance level reaching $0.065 for a share. Trading volume also increased and amounted 1.14 million shares for the day. Overall, the chart suggests that LYFE has reversed the downtrend and is starting to appreciate.
From what is publicly known, the only reason recently for LYFE to raise its value has been the growth of its revenue. In the quarter ended September 30, 2011, it grew up 125% as compared to the preceding quarter, and over 150% compared to the same quarter of the previous year.
As LYFE Communications net loss still exceeds $1 million, and as it has almost no cash but over $3 million in current liabilities, it might look way too early to say that its business would soon be in a flourishing state. The opposite should not be assumed as well, however, as LYFE is in a popular industry with high potential.
The company offers next generation media and communications network based services for single- or multi-family houses, resorts and hospitality properties. LYFE admits that it is still in the process of developing its products and customer base, thus its revenues have been very limited so far.
