4 Penny Stocks with Significant European Risk

Recent turmoil in Europe has many investors on edge

SmallCapPower | July 20, 2016: Investors should always try to maintain a diversified portfolio, which would include international exposure as well. If this includes Europe, though, investors can expect heavy volatility. Today our analysts have identified some penny stocks at risk due to significant exposure to Europe, specifically the UK and Italy.

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SciVacEuromax Resources Ltd. (TSE:EOX) – $0.46
Diversified Mining

Euromax Resources Ltd. is a United kingdom-based gold and base metal mining company that is engaged in exploring mineral properties in Macedonia and Serbia. It operates in approximately two sectors in the mining industry: the exploration and development of mineral right interests, and the provision of exploration and evaluation services. Its segments include Macedonia, Serbia, Bulgaria, Exploration Services and Corporate. It is focused on building and operating the Ilovica copper/gold project in Macedonia.

  • Market Cap: 53,163,445
  • Revenues: 4,807,000
  • Total Debt: -9,482,000
  • Country of Risk: United Kingdom

SciVacGabriel Resources Ltd. (TSE:GBU) – $0.66
Diversified Mining

Gabriel Resources Ltd. (Gabriel) is a Canada-based resource company that operates through the exploration, evaluation and development of precious metal mining projects located in Romania segment. The Company owns equity interest in Rosia Montana Gold Corporation S.A. (RMGC), held by Minvest Rosia Montana S.A. (Minvest RM), a Romanian state-owned mining company. Rosia Montana gold and silver project is an undeveloped gold deposit in Europe, and situated in an area known as the Golden Quadrilateral in the South Apuseni Mountains of Transylvania.

  • Market Cap: 253,049,892
  • Revenues: 0
  • Total Debt: -647,880,000
  • Country of Risk: United Kingdom

SciVacEtrion SA (TSE:ETX) – $0.29
Independent Power Producers

Etrion SA is a Switzerland-based independent power producer (IPP) that develops, builds, owns and operates utility-scale solar power generation plants. The Company owns 130 MW of installed solar capacity in Italy and Chile. Etrion also has 34 MW of solar projects under construction in Japan and is actively developing greenfield solar power projects in Japan and Chile.

  • Market Cap: 215,285,203.21
  • Revenues: 65,179,976
  • Total Debt: 2,754,620
  • Country of Risk: Italy

SciVacSterling Resources Ltd. (CVE:SLG) – $0.70
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. Other international comprises operations in France and the Netherlands.

  • Market Cap: 114,570,744.63
  • Revenues: 77,092,422
  • Total Debt: -99,101,141
  • Country of Risk: United Kingdom

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