Carnaby Soars as Takeover Deals Lead a Volatile Materials Week

• Carnaby Resources (ASX:CNB) rose 54.17% after Evolution Mining offered a 60.4% premium.
• Stanmore Resources (ASX:SMR) fell 18.95% and Liontown Resources (ASX:LTR) fell 18.57%, despite stronger operating updates.
• KGL Resources (ASX:KGL) dropped 16.67% after announcing a large funding package for Jervois.
• Viva Energy (ASX:VEA) gained 14.00% as first-half earnings nearly doubled.