Are These 5 Leveraged Tech Penny Stocks About to Pop?

Brexit uncertainty will likely keep interest rate increases on hold for the remainder of 2016, which could be a bonus for the debt-laden tech penny stocks on our list

SmallCapPower | June 30, 2016: Concerns about British voters’ decision to leave the European Union means that the U.S. Federal Reserve will likely not hike interest rates for the rest of the year. As the cheaper money for longer trend continues, expect the five debt-laden tech penny stocks on our list today to benefit greatly.

Intertain Group Ltd. (TSE:IT) – $10.50
Online Services

The Intertain Group Limited, formerly Aumento Capital II Corporation, is an online gaming company that provides entertainment to customers. The Company offers bingo and casino games to its customers through Costa Bingo, Vera&John, Vera&Juan, Vera&John Social, Jackpotjoy, Starspins, Botemania, InterCasino, VIP Casino, and other brands. Its segments include Jackpotjoy, Vera&John, Mandalay and InterCasino.

• Market Cap: 738,122,150
• Revenues: 480,201,000
• Operating Income: -21,781,000
• Debt to Equity: 74%

Micromem Technologies Inc. (CNSX:MRM) – $0.255
Electronic Equipment & Parts

Micromem Technologies Inc. develops magnetic sensor applications for companies operating in various industry segments. The Company operates in development and commercialization efforts with respect to the Company’s proprietary sensor applications segment. The Company’s sensor technology combines the use of microelectromechanical systems (MEMS) and nanoelectromechanical systems (NEMS) for its sensor platforms.

• Market Cap: 50,373,474
• Revenues: 0
• Operating Income: -8,432,144
• Debt to Equity: 69%

Opsens Inc. (CVE:OPS) – $1.50
Electronic Equipment & Parts

Opsens Inc. (Opsens) is a Canada-based company that operates in the interventional cardiology, and the industrial, oil and gas markets. In the interventional cardiology market, Opsens offers an optical-based pressure guidewire (OptoWire). Opsens operates through two segments: Opsens Inc., which is engaged in developing, producing and supplying fiber optic sensors, and Opsens Solutions Inc., which is engaged in the commercialization and installation of optical and conventional sensors for the oil and gas industry.

• Market Cap: 215,285,203.21
• Revenues: 6,392,630
• Operating Income: -6,347,340
• Debt to Equity: 63%

NYX Gaming Group Ltd (CVE:NYX) – $2.24
Software

NYX Gaming Group Limited is a digital gaming software supplier engaged in the design, development, manufacture and distribution of digital gaming solutions for interactive, social and mobile gaming around the world. The Company provides a suite of gaming solutions, a distribution platform, full gaming process support services, brand and player management, and both Real Money Gaming (RMG) and social gaming products and services.

• Market Cap: 114,570,744.63
• Revenues: 61,127,080
• Operating Income: -15,296,120
• Debt to Equity: 52%

DataWind Inc. (TSE:DW) – $1.69
Computer Hardware

DataWind Inc. (DataWind) is a Canada-based provider of Internet connectivity for the emerging markets. The Company’s Internet Delivery Platform offers a low-cost Internet connectivity solution by bundling a tablet device with an Internet browsing second-generation (2G) service plan. DataWind offers eight models of its tablet device, the UbiSlate, and three models of its smartphone device, the PocketSurfer. All devices run on an Android operating system and are capable of accessing the Internet using 2G mobile-cellular technology and/or wireless-fidelity (Wi-Fi).

• Market Cap: 39,741,952
• Revenues: 52,738,000
• Operating Income: -5,305,000
• Debt to Equity: 51%

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