As Britain votes on whether to cut ties with the European Union or not, these TSX Venture-listed penny stocks will likely be affected
SmallCapPower | June 9, 2016: Britons will soon vote on a referendum to leave the EU. Those for the so-called ‘Brexit’, have promised a halt to the significant Syrian migration that has affected all of Europe. Those against warn of epic causalities across the British economy, as well as the surrounding nations. It is without a doubt that the local economy will be impacted by the decision, as will penny stocks with exposure to the country. Specifically, there are a few TSX Venture-listed penny stocks that have a primary risk profile in the United Kingdom, including the ones on our list.
Dynex Power Inc. (CVE:DNX) – $0.075
Semiconductors
Dynex Power Inc. is a supplier of high power semiconductor products. The Company is primarily engaged in the design, manufacture and sale of high power bipolar discrete semiconductors, high power modules (IGBTs) and die and high power electronic assemblies. The Group is also engaged in the manufacture and sale of high reliability integrated circuits. The Company has a wholly-owned subsidiary, Dynex Semiconductor Limited, which is based in Lincoln, England.
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Market Cap: $6.0 Million
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Revenue: 3,609,618
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Operating Income: 194,913
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Debt: 17,579,652
Euromax Resources Ltd. (CVE:EOX) – $0.54
Diversified Mining
Euromax Resources Ltd is a gold and base metal mining company. The Company operates in two sectors in the mining industry: The exploration and development of mineral right interests, and the provision of exploration and evaluation services. The Company has two gold and base metal properties located in Macedonia and Serbia.
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Market Cap: $63.1 Million
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Revenue: 3,417,154
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Operating Income: -7,164,535
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Debt: 0
Sterling Resources Ltd. (CVE:SLG) – $0.015
Oil & Gas Exploration and Production
Sterling Resources Ltd. is a Canada-based energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas. The Company’s geographical segments include Canada, United Kingdom and Other International. The United Kingdom and other international locations are involved in exploration and development operations.
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Market Cap: 114,570,744.63
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Revenue: 69,442,000
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Operating Income: -75,519,000
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Debt: 189,593,000