ASX Growth Stocks With High Insider Confidence For October 2024
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As the Australian market faces a potential dip with ASX200 futures indicating a reversal of recent gains, investors are closely watching global influences such as tempered expectations for AI demand and fluctuating commodity prices. In this environment, growth companies with high insider ownership can signal strong internal confidence and may offer appealing prospects for those looking to navigate these uncertain times.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Catalyst Metals (ASX:CYL) | 17% | 45.8% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Liontown Resources (ASX:LTR) | 14.7% | 61% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 70.2% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Pointerra (ASX:3DP) | 20.1% | 126.4% |
| Adveritas (ASX:AV1) | 21.2% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Here we highlight a subset of our preferred stocks from the screener.
Emerald Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Emerald Resources NL is involved in the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.73 billion.
Operations: The company generates revenue primarily from its mine operations, amounting to A$366.04 million.
Insider Ownership: 18%
Emerald Resources has demonstrated robust financial growth, with recent earnings increasing to A$84.27 million from A$59.36 million year-on-year, and revenue reaching A$371.07 million. Despite past shareholder dilution, its forecasted revenue growth of 35.2% annually surpasses the Australian market average significantly. However, insider ownership dynamics may shift following the retirement of influential board member Simon Lee AO in November 2024, who has been pivotal in the company's strategic direction and development into a gold producer.
Pinnacle Investment Management Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Pinnacle Investment Management Group Limited is an investment management company based in Australia with a market capitalization of A$3.88 billion.
Operations: The company generates revenue primarily from its Funds Management Operations, amounting to A$48.99 million.
Insider Ownership: 31.5%
Pinnacle Investment Management Group has shown solid financial performance, with earnings rising to A$90.35 million from A$76.47 million year-on-year and revenue increasing to A$48.99 million. The company forecasts a 13.6% annual revenue growth, outpacing the Australian market average of 5.5%. While insider ownership remains stable, recent board changes include the appointment of Christina Lenard as Director, potentially influencing strategic direction amid consistent dividend announcements and earnings growth forecasts at 14.4% annually.