Naas Technology Inc ADR (NAAS) had the highest return in 2022 by a micro-cap US stock, returning 987,836.5%.

ASSET	YEAR	% RETURN
Naas Technology Inc ADR (NAAS)	2022	987,836.51%
Nine Energy Service (NINE)	2022	1,185.84%
Pyxis Tankers (PXSAW)	2022	844.99%
Electra Battery Materials (ELBM)	2022	564.27%
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%
Synergy CHC Corp Common Stock (SNYR)	2022	326.72%
Mesa Royalty Trust (MTR)	2022	326.05%
BP Prudhoe Bay Royalty Trust (BPT)	2022	303.19%
SurgePays (SURG)	2022	228%
Cns Pharmaceuticals (CNSP)	2022	210.88%
Reviva Pharmaceuticals (RVPHW)	2022	180.22%
Astria Therapeutics (ATXS)	2022	179.36%
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%
Cross Timbers Royalty Trust (CRT)	2022	145.04%
Aerovate Therapeutics (AVTE)	2022	141.75%
Cabaletta Bio (CABA)	2022	141.51%
Pyxis Tankers (PXS)	2022	141%
Houston American Energy (HUSA)	2022	140.56%

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