The Canadian market is currently in a phase of stabilization and potential recovery, thanks to recent rate cuts from the Bank of Canada. Investors are now focusing on growth companies with high insider ownership on the TSX. These companies are particularly attractive in the current economic and market conditions, as insider stakes often indicate confidence in the company’s prospects and challenges.
Here are some of the top 10 growth companies with high insider ownership in Canada:
1. Payfare (TSX:PAY) – Insider Ownership: 15%, Earnings Growth: 57.7%
2. goeasy (TSX:GSY) – Insider Ownership: 21.7%, Earnings Growth: 15.9%
3. Vox Royalty (TSX:VOXR) – Insider Ownership: 12.4%, Earnings Growth: 77.3%
4. Allied Gold (TSX:AAUC) – Insider Ownership: 22.5%, Earnings Growth: 68.2%
5. Aritzia (TSX:ATZ) – Insider Ownership: 19%, Earnings Growth: 51.2%
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. Ivanhoe Mines (TSX:IVN) – Insider Ownership: 13.1%, Earnings Growth: 65.3%
9. Artemis Gold (TSXV:ARTG) – Insider Ownership: 31.8%, Earnings Growth: 48.8%
10. Almonty Industries (TSX:AII) – Insider Ownership: 12.3%, Earnings Growth: 105%
Aritzia Inc. is a notable pick with a strong growth trajectory and insider ownership of 19%. The company is expected to see revenue growth between CAD 2.52 billion to CAD 2.62 billion by fiscal 2025. Ivanhoe Mines Ltd., focused on mining minerals and precious metals in Africa, has insider ownership of 13.1% and is set to increase copper production significantly.
Savaria Corporation, specializing in accessibility solutions, has insider ownership of 19.6% and has shown robust growth potential with earnings increasing annually. The company’s revenue growth is expected to outpace the Canadian market average.
Overall, these companies with high insider ownership are worth considering for investors looking for growth opportunities in the Canadian market.