3 TSX Growth Companies Insiders Are Investing In
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As the Canadian TSX navigates a volatile start to the fourth quarter, driven by uncertainties in global politics and economic indicators, investors are keenly observing sectors that continue to show resilience and growth potential. In this environment, stocks with high insider ownership can be particularly appealing as they often indicate confidence from those closest to the company's operations.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Vox Royalty (TSX:VOXR) | 11.8% | 70.7% |
| Almonty Industries (TSX:AII) | 17.7% | 117.6% |
| goeasy (TSX:GSY) | 21.2% | 17.1% |
| Alvopetro Energy (TSXV:ALV) | 19.4% | 72.4% |
| Amerigo Resources (TSX:ARG) | 12% | 36.8% |
| Aritzia (TSX:ATZ) | 18.9% | 60.4% |
| Aya Gold & Silver (TSX:AYA) | 10.2% | 71.4% |
| Allied Gold (TSX:AAUC) | 17.7% | 72.9% |
| Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
| Alpha Cognition (CNSX:ACOG) | 17% | 69.5% |
Let's uncover some gems from our specialized screener.
Allied Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Allied Gold Corporation, along with its subsidiaries, is involved in the exploration and production of mineral deposits in Africa and has a market cap of CA$1.01 billion.
Operations: The company's revenue segments include $142.03 million from the Agbaou Mine, $193.93 million from the Bonikro Mine, and $391.07 million from the Sadiola Mine.
Insider Ownership: 17.7%
Allied Gold Corporation showcases strong growth potential, with earnings forecasted to grow significantly above market rates and revenue expected to increase by 21.8% annually. Despite past shareholder dilution, the company is trading at a substantial discount to its estimated fair value. Recent developments include a CAD 192.2 million follow-on equity offering and an ambitious expansion of the Sadiola Gold Mine, projected to boost production significantly over the next few years while positioning it as a low-cost operation.
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Click here to discover the nuances of Allied Gold with our detailed analytical future growth report.
Nuvei
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Nuvei Corporation offers payment technology solutions to merchants and partners across various regions including North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific, with a market cap of CA$6.42 billion.
Operations: The company's revenue segment includes the provision of payment technology solutions to merchants and partners, generating $1.31 billion.