Corporate Update: Myeco Group Ltd

Myeco Group Ltd (ASX: MCO) recorded a flat performance over a 24‑hour period that ended at 10:24 PM Central Europe on Wednesday 21 October 2026. The share price remained unchanged at AUD 0.02, reflecting a 0 % movement. At present, one share can be purchased on major exchanges for roughly AUD 0.02.

The company’s market capitalisation stands at AUD 10.9 million, with an outstanding supply of 603.3 million shares. In the most recent 24‑hour interval, only AUD 3.6 k of Myeco shares were traded—an indicator of low liquidity. Over the last month, the stock has fallen 18.18 %. Its 200‑day simple moving average also sits at AUD 0.02. The most recent 52‑week peak was AUD 0.04 on 20 May 2026, while the low was AUD 0.01 on 8 May 2026.

Recent Capital‑Market Activity

On 16 October 2026, Myeco Group announced a private placement of approximately 9.9 million ordinary shares to professional and sophisticated investors. The issuance was conducted within the company’s 15 % placement capacity, in accordance with ASX Listing Rule 7.1. A portion of the shares was allocated to the Non‑Executive Director and Chairman as recognition of their participation. The company has requested a quotation of the newly issued shares on the ASX, with the quotation date confirmed as 21 October 2026. Once the quotation is completed, the company’s issued capital will be updated to reflect the additional shares, while other classes of securities remain unchanged. The board approved the announcement, and all disclosure and governance requirements were satisfied.

Market Context

In the preceding 24 hours, several peer stocks exhibited varied performance:

  • Magontec (MGL.AX) closed up 4.55 % at AUD 0.22, with a market capitalisation of AUD 12.8 million.
  • Lions Bay Capital (LBI.V) remained flat at CAD 0.32, market capitalisation CAD 12.6 million.
  • Peregrine Gold (PGD.AX) fell 3.85 % to AUD 0.13, market capitalisation AUD 12.9 million.
  • Sarama (SWA.V) traded flat at CAD 0.02, market capitalisation CAD 12.6 million. Sarama Resources Ltd will convene its 2026 annual general meeting on 24 November at its Subiaco offices. The agenda will include the annual report, remuneration policy, board elections, a proposed 10 % placement facility, and re‑insertion of takeover bid approval provisions. Shareholders will vote on the re‑election of Chairman Scott Cuomo, the election of new directors, and the proposed placement and bid provisions.
  • Nimy (NIM.AX) remained flat at AUD 0.03, market capitalisation AUD 12.9 million.

Company Profile

Myeco Group Ltd is headquartered in Mt Waverley, Australia, and operates within the Materials sector. The company specialises in the production of resins for packaging and plastic products, offering films, bags, and organic waste management solutions. As a global supplier, Myeco serves clients worldwide. Further information about the company’s products, operations, and corporate governance can be found on its website at www.secosgroup.com.au .