U.S. Undervalued based on future growth

National Bankshares

Market Cap: US$172.4m

Operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments.

Chain Bridge Bancorp

Market Cap: US$172.4m

Operates as a bank holding company for Chain Bridge Bank, N.A.

Avidbank Holdings

Market Cap: US$170.4m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

Diana Shipping

Market Cap: US$163.4m

Provides shipping transportation services worldwide.

Meridian

Market Cap: US$160.9m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

LifeVantage

Market Cap: US$158.4m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, and skin and hair care products.

WM Technology

Market Cap: US$155.1m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

CF Bankshares

Market Cap: US$152.3m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Hanover Bancorp

Market Cap: US$149.6m

Operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals.

Citizens Community Bancorp

Market Cap: US$148.9m

Operates as a bank holding company for Citizens Community Federal N.A.

BCB Bancorp

Market Cap: US$141.4m

Operates as the bank holding company for BCB Community Bank that provides various banking products and services to businesses and individuals in the United States.

Bassett Furniture Industries

Market Cap: US$135.3m

Manufactures, markets, and retails home furnishings in the United States.

Sunrise Realty Trust

Market Cap: US$132.5m

Engages in commercial real estate lending business in the United States.

Ultralife

Market Cap: US$128.6m

Designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide.

Twin Disc

Market Cap: US$125.3m

Engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally.

South Atlantic Bancshares

Market Cap: US$122.5m

Operates as the bank holding company for South Atlantic Bank that provides various banking products and services to individuals and small businesses in the United States.

Finward Bancorp

Market Cap: US$119.0m

Operates as the holding company for Peoples Bank that provides various banking products and services.

Protalix BioTherapeutics

Market Cap: US$115.4m

A biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on the ProCellEx plant cell-based protein expression system.

Lument Finance Trust

Market Cap: US$112.5m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Travelzoo

Market Cap: US$105.1m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Imperial Petroleum

Market Cap: US$103.2m

Provides seaborne transportation services worldwide.

Riverview Bancorp

Market Cap: US$101.1m

Operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals.

Advanced Flower Capital

Market Cap: US$98.3m

Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry.

Mastech Digital

Market Cap: US$86.5m

Provides digital transformation IT services to large, medium-sized, and small companies in the United States.

Outlook Therapeutics

Market Cap: US$82.7m

Operates as a clinical-stage biopharmaceutical company, focuses on developing and commercializing monoclonal antibodies for ophthalmic indications.

First Reliance Bancshares

Market Cap: US$79.9m

Operates as the bank holding company for First Reliance Bank that provides banking products and services in North and South Carolina.

Heritage Global

Market Cap: US$76.5m

Operates as an asset services company with focus on financial and industrial asset transactions in the United States.

Flexible Solutions International

Market Cap: US$65.6m

Develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally.

Earth Science Tech

Market Cap: US$57.3m

Together with its subsidies, focuses on health and wellness industry.

Snail

Market Cap: US$40.6m

Researches, develops, markets, publishes, and distributes interactive digital entertainment worldwide.

Pyxis Tankers

Market Cap: US$29.4m

Operates as a maritime transportation company with a focus on the tanker and dry-bulk sectors in the United States and internationally.

Performance Shipping

Market Cap: US$20.9m

Provides shipping transportation services through its tanker vessels worldwide.

Neuphoria Therapeutics

Market Cap: US$15.1m

A clinical stage biopharmaceutical company, discovers and develops novel drug candidates for the treatment of central nervous system disorders and cancers in Australia.

Minerva Neurosciences

Market Cap: US$13.4m

A clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases.

Sadot Group

Market Cap: US$8.5m

Provides supply chain solutions that address growing food security challenges worldwide.

Globavend Holdings

Market Cap: US$6.5m

Provides integrated cross-border logistics services, and air freight forwarding services in Hong Kong, Australia, and New Zealand.