Toro (TORO) had the lowest return in March 2023 by a micro-cap US stock, returning -85.5%.

ASSET	MONTH	% RETURN
Toro (TORO)	March 2023	-85.53%
Recon Technology (RCON)	March 2023	-83.08%
CXApp (CXAI)	March 2023	-82.55%
Biodexa Pharmaceticals (BDRX)	March 2023	-82.24%
Allarity Therapeutics (ALLR)	March 2023	-74.6%
Mangoceuticals, Inc Common Stock (MGRX)	March 2023	-72.86%
GlucoTrack (GCTK)	March 2023	-72.13%
Lixiang Education (LXEH)	March 2023	-71.39%
Veru (VERU)	March 2023	-70.48%
Dermata Therapeutics (DRMA)	March 2023	-68.63%
Marker Therapeutics (MRKR)	March 2023	-67.73%
Jaguar Animal Health (JAGX)	March 2023	-66.95%
Elutia (ELUT)	March 2023	-64.97%
XTI Aerospace (XTIA)	March 2023	-64.75%
Clearmind Medicine Inc Common Shares (CMND)	March 2023	-63.38%
Micromobility (MCOM)	March 2023	-61.47%
AKA Brands (AKA)	March 2023	-60.51%
Firefly Neuroscience (AIFF)	March 2023	-60.27%
Genius (GNS)	March 2023	-59.34%
Jowell Global (JWEL)	March 2023	-58.6%
Allbirds (BIRD)	March 2023	-58.33%
RYTHM (RYM)	March 2023	-57.5%
Vivos Therapeutics (VVOS)	March 2023	-56.84%
ICZOOM Group Inc Class A Ordinary Shares (IZM)	March 2023	-56.75%
Check-Cap (MBAI)	March 2023	-56.67%

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