ASX Runners of the Week: Myeco, Elixinol, Stelar Metals & 1414 De
· news
ASX Runners of the Week: Myeco, Elixinol, Stelar Metals & 1414 Degrees
The Australian Securities Exchange (ASX) has seen its fair share of ups and downs in recent weeks. Amidst the chaos, several companies have caught investors’ attention with their impressive performances.
Myeco Group Ltd has been a standout performer, with its shares surging 250 per cent after securing an exclusive deal with Woolworths Group to launch a new range of recycled bin liners made from post-consumer waste. This partnership is more than just a savvy business move; it reflects the growing demand for sustainable packaging and companies’ need to adapt to changing consumer habits.
Myeco’s products carry coveted Global Recycled Standard certification, verifying their recycled content, chain of custody, and social and environmental practices. Woolworths’ decision to partner with Myeco is a testament to the increasing importance of sustainability in business.
Elixinol Wellness Ltd has also made waves on the ASX, with its shares rising 129 per cent after announcing that its Healthy Chef brand would be rolled out at Priceline stores throughout Australia. This move represents significant initial coverage and scope for further expansion in early 2027.
Elixinol’s focus on broader plant-based nutrition appears to be paying off, with revenue growth of more than 25 per cent for the high-margin premium product. The company’s ability to secure national distribution is a credible path to scaling and a massive boost to its bottom line.
Stelar Metals Ltd has snagged the Hill of Leaders tungsten project in the Top End for $80,000 in cash and 3 million shares. Tungsten prices have rocketed more than 300 per cent since the start of the year, making it one of 2026’s hottest commodities. The metal is considered critical due to its use in superalloys and steel.
Meanwhile, 1414 Degrees Ltd has also made a significant announcement, with its shares surging on news that its technology would be used in a major renewable energy project. This development highlights the growing importance of innovative technologies in driving Australia’s transition to a low-carbon economy.
The ASX has been marked by uncertainty and volatility in recent weeks, but companies like Myeco, Elixinol, Stelar Metals, and 1414 Degrees are providing a beacon of hope for investors. As the market continues to navigate these choppy waters, it’s clear that innovation, sustainability, and critical minerals will play an increasingly important role in shaping Australia’s economic future.
Reader Views
- ADAnalyst D. Park · policy analyst
While Myeco's sustainable packaging deal with Woolworths is undoubtedly a coup for both parties, its success relies heavily on consumers being willing to pay a premium for eco-friendly products. If demand falters or consumers revert to cheaper options, Myeco's valuation may correct sharply. As the company continues to grow, it will be essential to monitor consumer behavior and adjust its strategy accordingly to maintain long-term sustainability – both financially and environmentally.
- CSCorrespondent S. Tan · field correspondent
It's about time we saw some sustainable focus in ASX performers. Myeco Group's exclusive deal with Woolworths is a landmark moment for eco-friendly packaging, but it also raises questions about scalability and supply chain management. As demand for recycled materials grows, can Myeco meet production capacity without compromising on quality? And what about other companies looking to follow suit – will they be able to replicate Myeco's success or will they get left behind in the rush?
- RJReporter J. Avery · staff reporter
It's refreshing to see companies prioritizing sustainability and adapting to changing consumer habits, as demonstrated by Myeco's partnership with Woolworths. However, one potential concern is whether this trend will translate into long-term profitability for these companies, or if they'll be squeezed by margin pressures from competitors who don't share the same commitment to sustainability. With Elixinol's Healthy Chef brand hitting Priceline shelves, it's clear that consumers are willing to pay a premium for plant-based products – but will this fad fade as quickly as it rose?