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In the current Canadian market landscape, easing monetary policies and a resilient domestic economy have bolstered financials and materials sectors, contributing to robust performance in the TSX. Amidst these favorable conditions, growth companies with high insider ownership stand out as potentially strong contenders for investors seeking alignment between management interests and shareholder value.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Propel Holdings (TSX:PRL) | 36.9% | 37.6% |
| Allied Gold (TSX:AAUC) | 17.7% | 85.2% |
| Almonty Industries (TSX:AII) | 17.7% | 60.7% |
| Enterprise Group (TSX:E) | 39.8% | 50.5% |
| VersaBank (TSX:VBNK) | 13.2% | 30.4% |
| Aya Gold & Silver (TSX:AYA) | 10.2% | 95% |
| Aritzia (TSX:ATZ) | 18.9% | 59.7% |
| Ivanhoe Mines (TSX:IVN) | 12.5% | 43.2% |
| Profound Medical (TSX:PRN) | 12.2% | 57.4% |
| CHAR Technologies (TSXV:YES) | 10.7% | 58.3% |
Let's take a closer look at a couple of our picks from the screened companies.
Allied Gold
Simply Wall St Growth Rating: ★★★★★★
Overview: Allied Gold Corporation, along with its subsidiaries, engages in the exploration and production of mineral deposits in Africa and has a market cap of CA$1.13 billion.
Operations: The company's revenue is derived from its operations at the Agbaou Mine ($150.18 million), Bonikro Mine ($212.62 million), and Sadiola Mine ($376.41 million).
Insider Ownership: 17.7%
Allied Gold demonstrates characteristics of a growth company with high insider ownership. Insiders have significantly increased their holdings over the past three months, indicating confidence in its future. The company's revenue is forecast to grow at 24.7% annually, outpacing market averages. Despite recent shareholder dilution from a CAD 192.2 million equity offering, Allied Gold's operational expansion at the Sadiola Mine and anticipated profitability within three years bolster its growth potential.
Propel Holdings
Simply Wall St Growth Rating: ★★★★★★
Overview: Propel Holdings Inc. is a financial technology company with a market cap of CA$1.49 billion.
Operations: Propel Holdings Inc. generates revenue of $416.43 million by offering lending-related services to borrowers, banks, and other institutions.
Insider Ownership: 36.9%
Propel Holdings shows potential as a growth company with substantial insider ownership. Despite recent shareholder dilution, its earnings grew by 77.7% over the past year and are expected to continue growing significantly, outpacing the Canadian market. The company recently announced a share repurchase program and increased its dividend by 7%. However, concerns remain about high non-cash earnings and interest payments not being well covered by earnings.