May 23, 2012 11:48 ET

Penny Stocks to Watch Closely: Great Wall Builders (OTCBB: GWBU), FireFish Inc. (OTCBB: FRFS), HyperSolar Inc. (OTCBB: HYSR) and Sunpeaks Ventures Inc. (OTCBB: SNPK)

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO NewsWire

NEW YORK, NY--(Marketwire - May 23, 2012) - The following penny stocks are expected to see huge activity in trading today.

Great Wall Builders (OTCBB: GWBU) has seen many days of flat and sideways trading, leading many trades to believe the momentum could be over. Volume continues to pour into GWBU as other traders believe this could only be a healthy retraction that was long overdue considering the stocks went from $0.66 a few weeks ago to more than $1.73.

The company just recently announced several new developments with regards to the commercialization of its Start FEED units. Most noticeable is the EUR 8 million distribution agreement the company signed with an European distributor.

Find out if today's trading is the sign or a bounce and return to rally or if there is more downside by reading the Free Trend Analysis Report.

HyperSolar Inc. (OTCBB: HYSR) continued to attract many investors today trading more than 2 million shares already. However the stock could not sustain the momentum of yesterday and has instead dipped a bit more than 10% so far today.

HYSR has risen more than 140% in the last three trading sessions. The stock is soaring after the company announced the completion of a proof of concept prototype that successfully produces renewable hydrogen.

Find out if today is a DIP signal or if this could only be a healthy pullback by reading the Free Trend Analysis Report:

Sunpeaks Ventures Inc. (OTCBB: SNPK), despite seeing several days of bullish rally and a small return of confidence from traders, was down again today as well as yesterday. SNPK is currently trading 12.9% lower at $0.1220. SNPK was trading at $2.40 not more than a month ago before seeing a major correction that caused a massive selling spree that brought a 90% loss of market cap and share price.

Find out what the technical indicators are saying about SNPK by reading the Free Trend Analysis Report.

FireFish Inc. (OTCBB: FRFS) traded very strongly in the morning coming out the gates up more than 25% before seeing a pronounced dip to -25% and trading more than 3 million shares.

FireFish Inc., a development stage company, focuses on developing an online social networking portal with associated mobile device functionality targeted to young and lower middle class residents of India. It also intends to operate a Website for students, college graduates, and career-oriented individuals to post jobs and resumes; and a social networking forum for people looking for an engineering, math, or science tutor.

Find out what learned about FRFS and what it could mean to traders looking at this stock. Read the Free Trend Analysis Report.

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  • Eric Jensen