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Cheap Stock Alert – Top 11 Penny Stocks to Watch for February 17

Clear Skies Solar Inc. (OTC: CSKH) is up 20.69% to $0.0350 on volume of 2.45 million shares. Clear Skies Solar, through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country. The company today said it has established a financial subsidiary to fund the Power Purchase Agreement (PPA) of smaller high volume projects the company has pending in its pipeline of business. (OTC:CSKH), (CSKH)

MMax Media Inc. (OTC: MMAX) is up 175.00% to $0.550 on volume of over 129K shares. The company today said it entered into an agreement and plan of merger with Hyperlocal Marketing, a developer of products that address location-based marketing and group buying opportunities in the $100 billion local marketing industry. (OTC:MMAX), (MMAX)

Sungro Minerals Inc. (OTC: SUGO) is up 141.07% to $0.135 on high volume of 4.28 million shares. The early stage mining and exploration company today released the highlights of its first National Instrument 43-101 (NI 43-101) technical report. (OTC:SUGO), (SUGO)

Tactical Air Defense Services Inc. (OTC: TADF) is up 30.00% to $0.0013 on high volume of 38.01 million shares. TADF is an aerospace/defense services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, and other aerospace/defense services to the United States and foreign militaries. (OTC:TADF), (TADF)

EcoBlu Products Inc. (OTC: ECOB) is up 12.50% to $0.0900 on volume of 1.48 million shares. EcoBlu Products, the maker of wood products treated with environmentally friendly protective coatings, today announced the completion of a $5 million capital raise with Manhattan Resources Ltd. (OTC:ECOB), (ECOB)

Payment Data Systems Inc. (OTC: PYDS) is down 9.09% to $0.0300. The stock has so far reached a 52-week high of $0.08, its 52-week low being $0.01. The integrated electronic payments solutions provider today said its December processing volume has reached a record high for 2010. (OTC:PYDS), (PYDS)

Ambient Corp. (OTC: ABTG) is down 10.48% to $0.0940 on above-average volume of 2.40 million shares. Ambient today announced the approval of a reverse stock split. Ambient designs, develops and markets Ambient Smart Grid communications technologies and equipment. (OTC:ABTG), (ABTG)

Cytta Corp. (OTC: CYCA) is up 22.22% to $0.0011 on volume of 4.47 million shares. Cytta is a development-stage company focusing in the technology industry. (OTC:CYCA), (CYCA)

Sand Technology Inc. (USA) (OTC: SNDTF) is The column-based database software provider today announced its expansion in Australia. (OTC:SNDTF), (SNDTF)

Valcent Products Inc. (OTC: VCTZF) is down 13.04% to $0.200. The stock has a 52-week range of $0.05 – $0.52. Valcent Products, which specializes in vertical, eco-friendly urban growing solutions, today announced the first closing of its previously announced private placement. (OTC:VCTZF), (VCTZF)

Catalyst Lighting Group Inc. (OTC: CYSU) is up 394.51% to $0.450. The company announced that it has recently entered into a merger deal with Phototron Inc., a designer and manufacturer of indoor mini-greenhouses. (OTC:CYSU), (CYSU)

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