The Canadian market has shown stability in the last week, with a 12% increase over the past 12 months and an expected annual earnings growth of 14%. Stocks with high insider ownership are particularly interesting as they often reflect the company leaders’ commitment to success and growth.
Here are the top 10 growth companies with high insider ownership in Canada:
1. **goeasy (TSX:GSY)** – Insider Ownership: 21.7%, Earnings Growth: 15.9%
2. **Payfare (TSX:PAY)** – Insider Ownership: 15%, Earnings Growth: 57.7%
3. **Vox Royalty (TSX:VOXR)** – Insider Ownership: 12.4%, Earnings Growth: 77.3%
4. **Aritzia (TSX:ATZ)** – Insider Ownership: 19.1%, Earnings Growth: 51.6%
5. **Allied Gold (TSX:AAUC)** – Insider Ownership: 22.4%, Earnings Growth: 68.1%
6. **ROK Resources (TSXV:ROK)** – Insider Ownership: 16.6%, Earnings Growth: 159.6%
7. **Aya Gold & Silver (TSX:AYA)** – Insider Ownership: 10.2%, Earnings Growth: 51.6%
8. **Silver X Mining (TSXV:AGX)** – Insider Ownership: 14.2%, Earnings Growth: 144.2%
9. **Ivanhoe Mines (TSX:IVN)** – Insider Ownership: 12.3%, Earnings Growth: 38.5%
10. **UGE International (TSXV:UGE)** – Insider Ownership: 35.4%, Earnings Growth: 63.5%
Allied Gold, with an insider ownership of 22.4%, is expected to see significant growth. The company is on track to become profitable within three years, with revenue forecasts exceeding market averages. Recent insider activities indicate confidence in the company’s future success.
Artemis Gold Inc., with an insider ownership of 31.8%, is facing challenges but remains focused on its Blackwater Mine project, set to begin operations in late 2024. Despite recent losses, insider transactions show confidence in the company’s future growth.
Vitalhub Corp., with an insider ownership of 15.1%, reported a substantial increase in revenue and net income in Q1 2024. The company’s earnings are projected to grow at an impressive rate of 37.7% annually.
Remember, this article provides general information based on historical data and analyst forecasts. It is not financial advice and does not consider individual objectives or financial situations. Simply Wall St aims to provide unbiased analysis driven by fundamental data.