U.S. High Return On Equity, Low Debt

TOYO

Market Cap: US$266.5m

Engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States.

Pitanium

Market Cap: US$239.1m

Through its subsidiaries, operates as a retailer of skincare and personal care products in Hong Kong.

RCM Technologies

Market Cap: US$200.2m

Engages in the provision of business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

Compugen

Market Cap: US$197.7m

A clinical-stage therapeutic discovery and development company, engages in the research, development, and commercialization of therapeutics and product candidates in Israel, the United States, and Europe.

Oramed Pharmaceuticals

Market Cap: US$191.1m

Engages in the research and development of pharmaceutical solutions with a technology platform for the oral delivery of therapeutic proteins.

Nine Energy Service

Market Cap: US$179.4m

Operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally.

eGain

Market Cap: US$177.9m

Engages in the development, license, implementation, and support of its customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Token Cat

Market Cap: US$168.6m

Through its subsidiaries, operates as an omni-channel automotive marketplace in the People’s Republic of China.

Empro Group

Market Cap: US$144.6m

Through its subsidiary, sells healthcare and beauty products in Malaysia and internationally.

CEA Industries

Market Cap: US$130.4m

Through its subsidiary, Surna Cultivation Technologies LLC, focuses on the sale of environmental control and other technologies and services to the controlled environment agriculture (CEA) industry in the United States and Canada.

Vaxart

Market Cap: US$130.2m

A clinical-stage biotechnology company, discovers and develops oral recombinant protein vaccines based on its vector-adjuvant-antigen standardized technology proprietary oral vaccine platform.

QDM International

Market Cap: US$117.2m

Operates as an insurance brokerage company primarily in Hong Kong.

Capital Properties

Market Cap: US$97.3m

Engages in leasing land in downtown Providence, Rhode Island under long-term ground leases.

Calisa Acquisition

Market Cap: US$85.5m

Does not have significant operations.

PAPA Medical

Market Cap: US$85.0m

Papa Medical Inc. provides cannabis dosing solutions in the United States.

UY Scuti Acquisition

Market Cap: US$81.9m

Does not have significant operations.

Golden Growers Cooperative

Market Cap: US$77.5m

Operates as an agricultural cooperative association primarily in Minnesota, North Dakota, and South Dakota.

Wintergreen Acquisition

Market Cap: US$76.0m

Does not have significant operations.

Highwater Ethanol

Market Cap: US$70.8m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

Sunlands Technology Group

Market Cap: US$57.1m

Provides adult online education services and adult personal interest learning courses through online and mobile platforms in the People’s Republic of China.

Range Impact

Market Cap: US$51.0m

Develops and operates solutions focused on acquiring, reclaiming, and repurposing mine sites and undervalued land in economically disadvantaged communities, primarily throughout Appalachia.

Argo Blockchain

Market Cap: US$48.6m

Engages in bitcoin and other crypto assets buisiness.

AMEN Properties

Market Cap: US$29.5m

Owns oil and gas royalty and working interests in various oil and gas properties in the United States.

Acco Group Holdings

Market Cap: US$23.4m

Through its subsidiaries, operates as an IT-driven corporate service provider in Hong Kong and Singapore.

Medalist Diversified

Market Cap: US$22.4m

A publicly traded real estate company.

Digital Currency X Technology

Market Cap: US$20.4m

Engages in digital asset management services in China and internationally.

Innovative Food Holdings

Market Cap: US$15.3m

Distributes specialty food and food related products to restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses in the United States.

FDCTech

Market Cap: US$14.7m

Operates as a technology provider and software developer for digital assets.

Swvl Holdings

Market Cap: US$14.0m

A technology-driven disruptive mobility company, provides mass transit solutions in Egypt, the Kingdom of Saudi Arabia, the United Arab Emirates, the United Kingdom, and Kuwait.

Neonode

Market Cap: US$13.8m

Provides software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers in the United States, Japan, South Korea, Germany, Sweden, China, and internationally.

Baker Global Asset Management

Market Cap: US$13.7m

Provides asset management and advisory services in the United States.

Palmetto Real Estate Trust

Market Cap: US$12.8m

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws.

VitaNova Life Sciences

Market Cap: US$11.5m

Provides business consulting services in the United States, Hong Kong, China, and internationally.

Black Titan

Market Cap: US$5.7m

Engages in the distribution of human capital management solutions in Malaysia.

NewGenIvf Group

Market Cap: US$5.6m

An investment holding company, provides an assisted reproductive service that helps couples and individuals for fertility treatments in Thailand, Cambodia, Hong Kong, and Kyrgyzstan.

Escalon Medical

Market Cap: US$1.3m

Engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals for ophthalmic applications in the United States and internationally.