As the Canadian economy grapples with a technical recession following a marginal decline in growth during the first quarter, investors are keeping a close eye on market fundamentals amidst geopolitical uncertainties. In this environment, stocks with high insider ownership can be particularly appealing, as they often signal confidence from those who know the company best and may offer resilience against broader economic challenges.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name |
Insider Ownership |
Earnings Growth |
|---|---|---|
| Sernova Biotherapeutics (TSX:SVA) |
13.5% |
58.9% |
| ROK Resources (TSXV:ROK) |
17.8% |
85.1% |
| Propel Holdings (TSX:PRL) |
28.1% |
37.4% |
| Heliostar Metals (TSXV:HSTR) |
16.2% |
20.7% |
| Hammond Power Solutions (TSX:HPS.A) |
27.4% |
26.9% |
| Electrovaya (TSX:ELVA) |
35.2% |
41.4% |
| CEMATRIX (TSX:CEMX) |
10.7% |
44.9% |
| Cambria Gold Mines (TSXV:CAMB) |
11.8% |
87.7% |
| Aritzia (TSX:ATZ) |
16.3% |
21.7% |
| Almonty Industries (TSX:AII) |
10.2% |
48.2% |
Let's explore several standout options from the results in the screener.
Electrovaya
Simply Wall St Growth Rating:★★★★★★
Overview:Electrovaya Inc. designs, develops, manufactures, and sells lithium-ion batteries and related products for energy storage and clean electric transportation in North America, with a market cap of CA$844.60 million.
Operations:The company generates revenue of $71.24 million from developing, manufacturing, and marketing power technology products.
Insider Ownership:35.2%
Earnings Growth Forecast:41.4% p.a.
Electrovaya has demonstrated solid growth potential, with earnings expected to grow significantly at 41.4% annually, outpacing the Canadian market. Recent financial results show increasing profitability, with net income rising to US$2.06 million for the first half of 2026 from US$0.408 million a year ago. The company launched new Infinity battery systems and is involved in a U.S.-funded project for energy storage innovation, highlighting its commitment to expanding its technological footprint and market reach.
Lightspeed Commerce
Simply Wall St Growth Rating:★★★★☆☆
Overview:Lightspeed Commerce Inc. provides cloud-based software subscriptions and payment solutions for retailers, restaurants, golf course operators, and other businesses, with a market cap of CA$1.84 billion.
Operations:The company's revenue is derived from its software and programming segment, which generated $1.23 billion.
Insider Ownership:10.2%
Earnings Growth Forecast:62.9% p.a.
Lightspeed Commerce is poised for growth, with earnings expected to rise 62.91% annually and profitability anticipated within three years. Insiders have shown confidence by buying more shares than selling recently, while the company trades at a significant discount to its estimated fair value. Recent initiatives include AI-driven product innovations and strategic acquisitions, enhancing its technological capabilities and market position. A share buyback program further underscores management's commitment to shareholder value enhancement.
Logan Energy
Simply Wall St Growth Rating:★★★★★☆
Overview:Logan Energy Corp. focuses on the exploration, development, and production of crude oil and natural gas properties with a market cap of CA$622.42 million.
Operations:Revenue Segments (in millions of CA$): Logan Energy Corp. generates revenue from its activities in the exploration, development, and production of crude oil and natural gas properties.
Insider Ownership:14.3%
Earnings Growth Forecast:41.6% p.a.
Logan Energy demonstrates strong growth potential, with earnings forecasted to grow 41.6% annually and revenue expected to increase by 40.5% per year, outpacing the Canadian market significantly. Insider confidence is evident as more shares have been bought than sold recently, despite a private placement that diluted shareholders. The company trades at a substantial discount to its estimated fair value and below analyst price targets, suggesting potential upside in stock valuation.
Next Steps
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Embark on your investment journey to our 50 Fast Growing TSX Companies With High Insider Ownership selection here.
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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:ELVA TSX:LSPD and TSXV:LGN.
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