3 Penny Stocks Set To Take Off

Trending penny stocks to watch this Wednesday morning:

Skypeople Fruit Juice Inc (NASDAQ:SPU) has been a volatile penny stock over the last few months due to higher levels of speculation surrounding the company's reports that it reached an agreement to sell a majority stake in one of its units to a concern backed by the Chinese state. No further updates have been given from the company other than Skypeople announcing that it has brought on a new independent auditor. Shares have recovered swiftly this week, following a massive sell-off from previous highs of $13.88 earlier this month. Over the last two days the stock is up more than 60% from Tuesday's lows.

HyperSolar Inc (OTCMKTS:HYSR) is another penny stock to watch today. The solar company's shares soared in early morning trading as the stock hit highs of $0.01953. This marked a run of more than 60% from its previous close. The company announced this morning that it had submitted for a patent and released a video for its hydrogen generator device.

NOVUS ACQ & DEV CO (OTCMKTS:NDEV) announced today that its completed health coverage footprint for medical marijuana in California. The company's MMJ health plan now covers approximately 110 cities across the state with its relationships with 20 dispensaries. At one point today the stock reached highs of $0.12 during early trading on Wednesday morning. This marked a run of over 200% from its previous closing price.

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