Gorilla Technology (GRRR) had the highest return in 2022 by a micro-cap US stock, returning 8,109,900%.

ASSET	YEAR	% RETURN
Gorilla Technology (GRRR)	2022	8,109,900%
ZyVersa Therapeutics (ZVSA)	2022	1,955,416.01%
Jianzhi Education Technology Group Company Limited American Depositary Shares (JZ)	2022	277,775%
Nine Energy Service (NINE)	2022	1,185.84%
Agape ATP Corporation Common Stock (ATPC)	2022	900%
Pyxis Tankers (PXSAW)	2022	844.99%
ENDRA Life Sciences (NDRA)	2022	473.39%
KLX Energy Services (KLXE)	2022	453.04%
United Maritime (USEA)	2022	449.97%
Kolibri Global Energy Inc Common stock (KGEI)	2022	391.67%
Mammoth Energy Services (TUSK)	2022	367.57%
Mesa Royalty Trust (MTR)	2022	324.15%
BP Prudhoe Bay Royalty Trust (BPT)	2022	303.19%
Digital Brands (DBGIW)	2022	263.64%
SurgePays (SURG)	2022	228%
Reviva Pharmaceuticals (RVPHW)	2022	180.22%
Amplify Energy (AMPY)	2022	179.05%
Clean Energy Technologies, Inc Common Stock (CETY)	2022	177.78%
SEACOR Marine (SMHI)	2022	172.62%
Tarena International (TCTM)	2022	168.39%
VOC Energy Trust (VOC)	2022	163.8%
Trevi Therapeutics (TRVI)	2022	153.95%
Blockchain Coinvestors Acquisition Corp I (BCSA)	2022	150.37%
Cross Timbers Royalty Trust (CRT)	2022	145.04%
Aerovate Therapeutics (AVTE)	2022	141.75%

Micro-cap stocks are treated as having a market cap of <= $300M.