ASX Growth Companies With High Insider Ownership To Watch
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The ASX200 has recently reached a new all-time high, touching 8,148 points before settling at 8,144 points, reflecting a positive sentiment across most sectors. With the odds of a significant rate cut by the US Fed increasing and local sectors like Real Estate and IT performing well, it's an opportune time to explore growth companies with high insider ownership. High insider ownership often signals strong confidence from those closest to the company's operations and future prospects.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Catalyst Metals (ASX:CYL) | 17% | 54.5% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 70.9% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Pointerra (ASX:3DP) | 18.7% | 126.4% |
| Liontown Resources (ASX:LTR) | 16.4% | 69.4% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Adveritas (ASX:AV1) | 21.1% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Here's a peek at a few of the choices from the screener.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★★☆
Overview: Capricorn Metals Ltd is involved in the evaluation, exploration, development, and production of gold properties in Australia with a market cap of A$2.35 billion.
Operations: The company's revenue primarily comes from its Karlawinda segment, which generated A$359.73 million.
Insider Ownership: 11.9%
Earnings Growth Forecast: 20.2% p.a.
Capricorn Metals demonstrates strong growth potential with high insider ownership. The company's earnings surged by 1880.9% last year, and future earnings are forecasted to grow significantly above the market average at 20.2% annually. Recent updates include a major expansion study at the Karlawinda Gold Project, which could increase throughput by up to 55%. Capricorn's revenue for the past fiscal year was A$359.83 million, and net income rose sharply to A$87.14 million from A$4.4 million previously.
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Dive into the specifics of Capricorn Metals here with our thorough growth forecast report.
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Our valuation report here indicates Capricorn Metals may be overvalued.
Mineral Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mineral Resources Limited, with a market cap of A$7.46 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.
Operations: The company's revenue segments include A$16 million from Energy, A$1.41 billion from Lithium, A$2.58 billion from Iron Ore, and A$3.38 billion from Mining Services, along with A$19 million from Other Commodities.