The Canadian market has experienced significant volatility in August, with a near 5% pullback followed by an impressive recovery, supported by positive earnings growth and an expanding economy. In this environment, stocks with high insider ownership often signal strong confidence from those closest to the company, making them particularly interesting for investors focused on growth.

Top 10 Growth Companies With High Insider Ownership In Canada

Name Insider Ownership Earnings Growth Vox Royalty (TSX:VOXR) 12.6% 70.7% Allied Gold (TSX:AAUC) 22.5% 73.6% Almonty Industries (TSX:AII) 17.7% 117.6% goeasy (TSX:GSY) 21.3% 17.1% Alvopetro Energy (TSXV:ALV) 19.4% 72.4% Propel Holdings (TSX:PRL) 40% 37.2% Payfare (TSX:PAY) 14.7% 24.7% Medicenna Therapeutics (TSX:MDNA) 15.4% 57.2% Alpha Cognition (CNSX:ACOG) 17.9% 69.5% ROK Resources (TSXV:ROK) 16.6% 161.8%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Curaleaf Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Curaleaf Holdings, Inc. operates as a cannabis company in the United States with a market cap of CA$2.90 billion.

Operations: Curaleaf Holdings generates $1.36 billion from the cultivation, production, distribution, and sale of cannabis.

Insider Ownership: 19.9%

Earnings Growth Forecast: 78.2% p.a.

Curaleaf Holdings is expanding its footprint with new dispensaries in Florida, Ohio, and New York, while launching adult-use operations and new product lines. The company reported Q2 2024 revenue of US$342.29 million but faced a net loss of US$48.89 million. Insider ownership remains high with Executive Chairman Boris Jordan transitioning to CEO, reflecting strong internal confidence despite recent share dilution and slower-than-ideal revenue growth forecasts at 13% annually.

Get an in-depth perspective on Curaleaf Holdings' performance by reading our analyst estimates report here. Our valuation report unveils the possibility Curaleaf Holdings' shares may be trading at a discount. TSX:CURA Ownership Breakdown as at Sep 2024

Savaria

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged individuals across Canada, the United States, Europe, and internationally, with a market cap of CA$1.42 billion.

Operations: The company's revenue segments include Patient Care at CA$183.98 million and Segment Adjustment at CA$673.74 million.

Insider Ownership: 19.6%

Earnings Growth Forecast: 21.5% p.a.

Savaria Corporation, a growth company with high insider ownership, reported Q2 2024 earnings of CAD 10.96 million on sales of CAD 221.34 million, reflecting strong year-over-year growth. Forecasts suggest annual profit growth of 21.48%, outpacing the Canadian market's average. Despite recent share dilution and modest insider trading activity, the company maintains a reliable dividend policy and recently appointed Pernilla Lindén to its Board, enhancing its strategic leadership capabilities.



Click here to discover the nuances of Savaria with our detailed analytical future growth report. In light of our recent valuation report, it seems possible that Savaria is trading behind its estimated value. TSX:SIS Ownership Breakdown as at Sep 2024

VersaBank

Simply Wall St Growth Rating: ★★★★☆☆

Overview: VersaBank provides various banking products and services in Canada and the United States, with a market cap of CA$470.48 million.

Operations: VersaBank generates revenue from its Digital Banking segment (CA$104.90 million) and DRTC, which offers cybersecurity services and banking and financial technology development (CA$10.56 million).

Insider Ownership: 13.3%

Earnings Growth Forecast: 22.7% p.a.

VersaBank, with significant insider ownership, has shown robust growth, reporting Q2 2024 net income of CAD 11.83 million and a year-over-year earnings increase of 49.2%. Recent executive appointments to its new U.S. subsidiary indicate strategic expansion efforts. The bank's price-to-earnings ratio of 10.2x suggests it is trading at good value compared to the Canadian market average. Earnings are forecast to grow at an annual rate of 22.7%, surpassing the market's expected growth rate.

Delve into the full analysis future growth report here for a deeper understanding of VersaBank. Upon reviewing our latest valuation report, VersaBank's share price might be too pessimistic. TSX:VBNK Ownership Breakdown as at Sep 2024

Seize The Opportunity

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include TSX:CURA TSX:SIS and TSX:VBNK.

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