ASX Growth Stocks With High Insider Ownership For October 2024
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As the ASX200 edges past its previous record high, buoyed by positive movements on Wall Street and stable economic indicators, investors are keenly observing the market dynamics. In this context of growth and optimism, companies with substantial insider ownership often stand out as they may reflect confidence from those closest to the business in its potential trajectory.
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% | 45.4% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Liontown Resources (ASX:LTR) | 14.7% | 59.8% |
| 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% |
We're going to check out a few of the best picks from our screener tool.
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$2.43 billion.
Operations: The company's revenue is primarily generated from its Karlawinda gold project, amounting to A$359.73 million.
Insider Ownership: 11.9%
Capricorn Metals has demonstrated substantial growth, with earnings increasing to A$87.14 million from A$4.4 million year-over-year, and revenue reaching A$359.83 million. The company is advancing a significant expansion at its Karlawinda Gold Project, potentially increasing throughput by up to 55%. With forecasted revenue growth of 18.8% annually and a high projected return on equity of 31.8%, Capricorn stands out in the Australian market despite no recent insider trading activity reported.
PWR Holdings
Simply Wall St Growth Rating: ★★★★☆☆
Overview: PWR Holdings Limited designs, prototypes, produces, tests, validates, and sells cooling products and solutions globally with a market cap of A$897.03 million.
Operations: The company's revenue segments consist of A$41.98 million from PWR C&R and A$111.26 million from PWR Performance Products.
Insider Ownership: 13.2%
PWR Holdings has shown consistent growth, with earnings increasing to A$20.99 million from A$17.4 million year-over-year and sales rising to A$97.53 million. The company's revenue is forecasted to grow at 13% annually, outpacing the broader Australian market's 5.6%. Trading at 18% below its estimated fair value, PWR's return on equity is projected to reach a high of 27.9%. Recent executive changes include appointing Sharyn Williams as CFO in early 2025.