Top Growth Stocks With High Insider Ownership On TSX For September 2024

The Canadian market experienced significant swings in August, starting with a fierce correction and ending on a high note, supported by an expanding economy and positive earnings growth. As the focus shifts to growth amid easing monetary policies, insider ownership becomes a crucial factor for investors seeking stable opportunities; companies where insiders hold substantial stakes often signal confidence in long-term prospects.

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%
Aya Gold & Silver (TSX:AYA)	10.2%	60.9%
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.

Below we spotlight a couple of our favorites from our exclusive screener.

Payfare (TSX:PAY)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Payfare Inc. (TSX:PAY) is a financial technology company offering instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico with a market cap of CA$417.92 million.

Operations: The company generates CA$205.11 million in revenue from its Internet Software & Services segment.

Insider Ownership: 14.7%

Revenue Growth Forecast: 23.1% p.a.

Payfare is a growth company with high insider ownership in Canada, showing strong earnings and revenue growth projections. Analysts forecast annual profit growth at 24.7% and revenue at 23.1%, both outpacing the Canadian market. Recent collaborations with Lyft have introduced new features for the Lyft Direct debit card, enhancing financial management for drivers. Payfare's Q2 earnings reported CAD 55.99 million in sales and CAD 4.9 million net income, reflecting significant year-over-year improvements.

• Click to explore a detailed breakdown of our findings in Payfare's earnings growth report.
• Our valuation report here indicates Payfare may be overvalued.

Propel Holdings (TSX:PRL)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Propel Holdings Inc. is a financial technology company with a market cap of CA$1.04 billion.

Operations: Propel Holdings generates revenue of $382.44 million by providing lending-related services to borrowers, banks, and other institutions.

Insider Ownership: 40%

Revenue Growth Forecast: 23.5% p.a.

Propel Holdings exhibits strong growth potential with high insider ownership. The company reported significant year-over-year increases in Q2 earnings, with sales reaching US$106.75 million and net income at US$11.12 million. Analysts forecast annual revenue growth of 23.5% and earnings growth of 37.2%, both outpacing the Canadian market averages. Propel's recent $80 million credit facility upsize supports its expansion strategy, though insider selling has been substantial over the past three months.

• Unlock comprehensive insights into our analysis of Propel Holdings stock in this growth report.
• Our valuation report unveils the possibility Propel Holdings' shares may be trading at a premium.

TerraVest Industries (TSX:TVK)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: TerraVest Industries Inc. manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States with a market cap of CA$1.89 billion.

Operations: The company's revenue segments include Service (CA$201.78 million), Processing Equipment (CA$117.58 million), Compressed Gas Equipment (CA$243.77 million), and HVAC and Containment Equipment (CA$292.90 million).

Insider Ownership: 21.9%

Revenue Growth Forecast: 12.2% p.a.

TerraVest Industries shows robust growth potential with high insider ownership despite some recent insider selling. The company reported significant year-over-year increases in Q3 earnings, with revenue at C$238.13 million and net income at C$11.92 million. Analysts forecast annual earnings growth of 21.1%, outpacing the Canadian market average of 15.4%. However, shareholders have been diluted over the past year, and no substantial shares have been bought by insiders recently.

• Navigate through the intricacies of TerraVest Industries with our comprehensive analyst estimates report here.
• Upon reviewing our latest valuation report, TerraVest Industries' share price might be too optimistic.

Seize The Opportunity

• Investigate our full lineup of 37 Fast Growing TSX Companies With High Insider Ownership right here.
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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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