Australia's MyEco Group at 2-week high on strong full-year sales

MyEco

29/07/2026 05:39

** Shares of MyEco Group MCO.AX soar as much as 14.3% to A$0.024, their highest level since July 16
** Sustainable packaging developer posts FY26 sales of A$15.8 million ($10.97 million), up 0.8% 
** This reflects full-year Australian retail sales growth driven by sales of compostable bags and launch of new post-consumer recycled bin liners range, among others
** About 1.1 million shares change hands, 1.8 times the 30-day avg
** Stock up 83% YTD, including the session's moves
     
($1 = 1.4403 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))