Hot Penny Stocks of the day (MINE, SAPX, INKN, SKGP)

Minerco Resources Inc (OTC:MINE) soared 94% to $0.0149 with over 30 million shares traded hands, compared to its average volume of 991K shares. The company has a market capital of $4.94 million.

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Minerco Resources, Inc. is an exploration-stage company. The Company is engaged in the acquisition of interests and leases in oil and natural gas properties. The Company is focused on to build its business by acquiring royalties or other non-operated interests in productive or soon-to-be productive oil and natural gas.

Seven Arts Pictures PLC (NASDAQ:SAPX) surged 6% to $0.904 with over 12K shares traded hands, compared to its average volume of 8K shares. The company has a market capital of $6.23 million.

Yesterday, the company announced today that it has agreed to continue its purchase of shares of SAPX between now and September 30, 2010, subject to market conditions. SAP's share purchases to date will be reflected in its filing with the Securities and Exchange Commission.

Shrink Nanotechnologies, Inc. (OTC:INKN) surged 102% to $0.14 with over 365K shares traded hands, compared to its average volume of 40K shares. The company has a market capital of $27.07 million.

Shrink Nanotechnologies, Inc. an innovative nanotechnology company developing products and licensing opportunities in the alternative energy industry, medical diagnostics and sensors, and biotechnology research and development tools businesses, issued the below update to the market regarding its commercialization efforts as well as the implementation of several new commercial initiatives.

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Smart Kids Group Inc. (OTC:SKGP) skyrocketed 1600% to $0.0170 with over 2.50 million shares, compared to its average volume of 204K shares. The company has a market capital of $27.07 million.

Today, the company announce that it has signed an Exclusive 25 Year License Agreement for all physical and intellectual properties owned by 3D Future Vision, Inc., a company dedicated to pushing the envelope in creating 3D digital technology and television programs and movies for children.

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