ASX Growth Companies With Insider Ownership As High As 18%
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Today, the ASX200 experienced a decline of 0.85%, with most sectors losing ground except for materials. Notably, IT stocks faced significant pressure, dropping over 3%, and the Health Care sector also saw a decrease of 2%. In such fluctuating market conditions, companies with high insider ownership can be particularly compelling as these insiders may have a deeper commitment to the company's success and resilience in challenging times.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Hartshead Resources (ASX:HHR) | 13.9% | 86.3% |
| Cettire (ASX:CTT) | 28.7% | 29.9% |
| Gratifii (ASX:GTI) | 15.6% | 112.4% |
| Acrux (ASX:ACR) | 14.6% | 115.3% |
| Doctor Care Anywhere Group (ASX:DOC) | 28.4% | 96.4% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 45.4% |
| Alpha HPA (ASX:A4N) | 28.3% | 95.9% |
| Liontown Resources (ASX:LTR) | 16.4% | 63.9% |
| SiteMinder (ASX:SDR) | 11.4% | 69.4% |
| Chrysos (ASX:C79) | 21.3% | 57.5% |
Underneath we present a selection of stocks filtered out by our screen.
Alkane Resources
Simply Wall St Growth Rating: ★★★★★☆
Overview: Alkane Resources Limited is a gold exploration and production company based in Australia, with a market capitalization of approximately A$374.16 million.
Operations: The company generates revenue primarily from its gold operations, totaling approximately A$186.83 million.
Insider Ownership: 11.1%
Alkane Resources, an Australian growth company with high insider ownership, is poised for substantial growth with earnings forecasted to increase by 31.9% annually. Despite trading at 87.4% below its estimated fair value and revenue expected to rise by 20.9% per year, challenges persist as profit margins have declined from last year's 25.6% to 16.2%. Recent presentations in London and Sydney highlight ongoing engagement and visibility in the industry despite a recent dip in half-year earnings and income.
Emerald Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Emerald Resources NL is a company focused on the exploration and development of mineral reserves in Cambodia and Australia, with a market capitalization of approximately A$2.49 billion.
Operations: The primary revenue for the company is generated from mine operations, totaling A$339.32 million.
Insider Ownership: 18.5%
Emerald Resources, reflecting a robust growth trajectory in the Australian market, reported a significant increase in half-year earnings to A$46.87 million from A$26.59 million, with sales jumping from A$133.69 million to A$176.75 million as of December 2023. The company is trading at 72.7% below its fair value and is expected to see earnings grow by 22.76% annually and revenue by 19.4% per year, outpacing the general market's growth rate of 5%. However, shareholder dilution occurred over the past year, and its projected return on equity is considered low at 17.9%.