No ASX ETF holds Carnaby Res. (CNB) as of 15 Oct 2026. Over the last 3 months it rose 51.4%: on $10,000, +$5140. We explain 2 big moves in that time.
About CNB
- SectorMaterials
- IndustryMaterials
- Size$238.8m
- Held by0 ETFs
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +12.6%peak +13.2%20 Aug 2026· Sector Flow
CNB.AX rose sharply alongside a broad and strong rally in the ASX Materials sector, likely lifting all sector constituents including this stock.
- +57.3%peak +65.6%27 Jul 2026· Takeover / M&A
Carnaby Resources' share price surged after Evolution Mining announced it will acquire the company via a Scheme of Arrangement, with shareholders receiving a significant premium to the pre-announcement price.
Held by 0 ETFs
No ETF we track holds CNB directly.
Other Materials companies
- PRUPerseus Mining79 ETFs
- EUREuropean72 ETFs
- RIORio Tinto62 ETFs
- ELVElevra Lithium60 ETFs
- NEMNewmont59 ETFs
- RMSRamelius55 ETFs
- ORAOrora54 ETFs
- RSGResolute Mining49 ETFs
Why did CNB rise 57.3% on 27 Jul 2026?
Carnaby Res.
Carnaby Resources' share price surged after Evolution Mining announced it will acquire the company via a Scheme of Arrangement, with shareholders receiving a significant premium to the pre-announcement price.
The market-sensitive Scheme of Arrangement announcement released at 22:49 UTC on 26 July 2026 directly explains the 62.5% price surge detected shortly after open, as acquisition bids typically price in a substantial takeover premium. The timing, magnitude, and nature of the move are entirely consistent with a corporate takeover announcement — abnormally large price move (12.4x ATR) on modest but elevated volume (1.65x normal) is a classic response to a cash/scrip acquisition offer where the market re-rates the target to near the offer price. The sector tailwind (Materials index +2.4%) is a minor contributing factor but clearly not the primary driver.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
Sector / macro signals