Top TSX Growth Companies With Insider Ownership In October 2024

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Over the last 12 months, the Canadian market has experienced a robust upswing with a 23% increase, and earnings are projected to grow by 15% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business in its future potential.

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%

76.5%

VersaBank (TSX:VBNK)

13.3%

30.4%

Aritzia (TSX:ATZ)

18.9%

59.7%

Aya Gold & Silver (TSX:AYA)

10.2%

71.4%

Allied Gold (TSX:AAUC)

18.3%

73%

Medicenna Therapeutics (TSX:MDNA)

15.4%

57.2%

Alpha Cognition (CNSX:ACOG)

17%

69.5%

Click here to see the full list of 35 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's dive into some prime choices out of the screener.

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco, with a market cap of CA$2.40 billion.

Operations: The company's revenue is primarily derived from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.

Insider Ownership: 10.2%

Aya Gold & Silver demonstrates significant growth potential, with earnings forecasted to grow 71.38% annually, outpacing the Canadian market. Recent exploration at Boumadine in Morocco revealed high-grade silver results and expanded mineralized trends, enhancing its resource base. The company is also spinning out its Amizmiz Gold Project into Mx2 Mining, maintaining majority ownership which could unlock further value. Despite past shareholder dilution, insider ownership remains high, aligning management's interests with investors'.

TSX:AYA Ownership Breakdown as at Oct 2024
TSX:AYA Ownership Breakdown as at Oct 2024

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. offers commercial real estate professional and investment management services to corporate and institutional clients globally, with a market cap of CA$10.38 billion.

Operations: The company's revenue is derived from several segments: Americas ($2.59 billion), Asia Pacific ($614.55 million), Investment Management ($496.42 million), and Europe, Middle East & Africa (EMEA) ($734.93 million).