ASX Growth Companies With High Insider Ownership In October 2024
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As of October 2024, the Australian market has seen a slight uptick with the ASX200 rising by 0.10% to 8,206 points, despite ongoing geopolitical tensions in the Middle East affecting investor sentiment. In this environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business, which is crucial amid fluctuating sector performances such as Real Estate's rise and Energy's decline.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Catalyst Metals (ASX:CYL) | 17% | 54.5% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 70.9% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Pointerra (ASX:3DP) | 18.7% | 126.4% |
| Liontown Resources (ASX:LTR) | 16.4% | 49.8% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Adveritas (ASX:AV1) | 21.1% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Let's uncover some gems from our specialized screener.
IperionX
Simply Wall St Growth Rating: ★★★★★★
Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$896.20 million.
Operations: The company does not currently report any revenue segments.
Insider Ownership: 16.8%
IperionX, with significant insider ownership and recent substantial insider buying, is positioned for strong growth. Despite reporting a net loss of US$21.84 million for the year ending June 2024, the company has secured a lucrative contract with Ford valued at US$11 million and achieved technological advancements in titanium production. Forecasts indicate robust revenue growth of 78.6% annually, surpassing market averages, alongside anticipated profitability within three years. Recent index inclusions further enhance its market profile.
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Click here to discover the nuances of IperionX with our detailed analytical future growth report.
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Our valuation report unveils the possibility IperionX's shares may be trading at a premium.
Liontown Resources
Simply Wall St Growth Rating: ★★★★★★
Overview: Liontown Resources Limited focuses on the exploration, evaluation, and development of mineral properties in Australia, with a market cap of A$1.95 billion.
Operations: Liontown Resources Limited does not currently report any revenue segments.
Insider Ownership: 16.4%
Liontown Resources demonstrates potential for growth with high insider ownership and recent insider buying, although not in substantial volumes. The company is forecasted to achieve significant revenue growth of 40% annually, outpacing the Australian market. Despite a net loss of A$64.92 million for the year ending June 2024 and shareholder dilution over the past year, Liontown's return on equity is projected to be robust in three years. Recent board changes aim to enhance governance structures.