In the wake of a decisive U.S. election outcome, Canadian markets have been influenced by the potential policy shifts south of the border, with fundamental conditions remaining favorable for growth. As investors navigate this landscape, identifying companies with high insider ownership and strong revenue growth can be key to capitalizing on long-term market opportunities amidst evolving economic policies.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Green Thumb Industries Inc. is involved in the manufacturing, distribution, marketing, and sale of cannabis products for medical and adult use in the United States, with a market cap of CA$3.20 billion.
Operations: The company's revenue is derived from its Retail segment, generating $823.68 million, and its Consumer Packaged Goods segment, contributing $619.12 million.
Insider Ownership: 10.1%
Revenue Growth Forecast: 10.4% p.a.
Green Thumb Industries demonstrates growth potential, with earnings forecasted to grow 33.2% annually, outpacing the Canadian market's 16.5%. Although insider buying in recent months wasn't substantial, insiders purchased more shares than they sold. Recent Q3 results showed sales of US$286.87 million and net income of US$8.62 million, reflecting steady performance despite a slight dip in quarterly profits year-over-year. The company is actively seeking strategic M&A opportunities and has a share repurchase program underway.
Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$1.92 billion.
Operations: The company generates revenue from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.
Insider Ownership: 10.2%
Revenue Growth Forecast: 71.6% p.a.
Aya Gold & Silver has significant growth prospects, with earnings projected to rise 48.7% annually, surpassing the Canadian market's 16.5%. Despite no substantial insider trading recently, the company maintains high insider ownership. Recent Q3 results revealed a net loss of US$0.227 million on sales of US$11.02 million, impacted by commissioning delays at Zgounder Mine. However, production ramp-up is underway with commercial output targeted for late Q4 2024 and full capacity by early 2025.
Overview: Logan Energy Corp. focuses on the exploration, development, and production of crude oil and natural gas properties, with a market cap of CA$400.52 million.
Operations: The company generates revenue of CA$90.27 million from its oil and gas exploration and production activities.
Insider Ownership: 20.5%
Revenue Growth Forecast: 46.8% p.a.
Logan Energy exhibits strong growth potential with revenue forecasted to increase by 46.8% annually, significantly outpacing the Canadian market. Recent Q3 results show a notable turnaround, with CAD 6.28 million in net income compared to a loss last year, driven by record production levels. Insider confidence is reflected in substantial share purchases over the past three months. Despite prior shareholder dilution, the stock trades below estimated fair value and analysts anticipate a price rise of 94.8%.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include CNSX:GTII TSX:AYA and TSXV:LGN.
