3 Penny stocks on the move -- 1/7

Here are 3 penny stock I found by using Barchart to screen OTCBB stocks hitting the most frequent highs.  These are not buy recommendation but might be interesting to put on your watch lists to see where they go.

ZAAP --Zero Air Pollution, AKA ZAP  is in advanced transportation technologies and energy products. ZAP has a 10-year license on the technology developed by Smart-Automobile LLC to Americanize the popular European-made Smart Car for the U.S. marketplace. ZAP Americanizes the Smart Car to meet U.S. federal and state safety and emissions standards. ZAP is not affiliated with, or authorized by, smart gmbh, the manufacturer of SMART automobiles, or the smartUSA division of Mercedes-Benz LLC, the exclusive authorized U.S. importer and distributor of those vehicles.

• 100% Barchart technical buy signal
• 16 new highs and up 125.32% in the last month
• Relative Strength Index 81.85% and rising
• Recently trading at 1.78 which is above its 50 day moving average of .8932

SVRV -- Sun River Energy --   a development stage company, focuses on the exploration of oil and gas properties in North America. As of April 30, 2010, it held oil and gas mineral interests in 158,960 gross acres located in New Mexico. The company is based in Dallas, Texas.

• 100% Barchart technical buy signal
• 16 new highs and up 28.89% in the last month
• Relative Strength Index 69.74% and rising
• Trading recently around 2.90 which is above its 50 day moving average of 2.2518

ADNT -- Ardnet Mines -- an exploration stage company, engages in the acquisition, exploration, and development of mineral properties, primarily gold in Canada. It focuses on the development of the GRN claim located on north of the town of Beaverdell and east of Vancouver, British Columbia. The company was founded in 2000 and is based in New York, New York.

• 96% Barchart technical buy signal
• 14 new highs and up 23.53% in the last month
• Relative Strength Index 66.60% and rising
• Trading recently around 4.20 which is above its 50 day moving average of 3.2304

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.