The S&P/ASX 200 Index (ASX: XJO) is having a very odd day indeed to kick off the trading week in style. At the time of writing, the ASX 200 is up by 0.13% at just over 7,300 points after many stints above and below the breakeven line today.
But let’s dig a little deeper into these curious market moves and have a look at the ASX 200 shares that are currently at the top of the market’s volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Monday
Nickel Mines Ltd (ASX: NIC)
Nickel Mines is our first share up for discussion this Monday. So far today, a hefty 15.96 million Nickel Mines shares have swapped hands. This move seems to have been sparked by some bouncing around. Nickel Miens shares opened higher this morning at $1.28 each and rose as high as $1.32 soon after.
But the company has been falling back to earth ever since. It’s still in the green, but only just, going for $1.27 a share right now, up 0.16%. It’s this volatility that is probably the smoking gun behind this elevated volume we are seeing.
Liontown Resources Limited (ASX: LTR)
Another miner in Liontown is our next ASX 200 share to check out. A sizeable 17.61 million Liontown shares have changed homes today as it currently stands. This might have been caused by the announcement the miner released this morning.
Liontown revealed that it has now received the results from a drilling campaign at its Buldania Lithium Project in Western Australia, which look to be promising. As a result, the Liontown share price is currently up a healthy 6.75% or so at $1.77 a share. It’s this combination that has probably elicited the high trading volumes we are witnessing.
AVZ Minerals Ltd (ASX: AVZ)
ASX 200 newcomer AVZ is our final share to check out today. This lithium hopeful had experienced 36.53 million of its shares trading on the markets today. This doesn’t seem to be the result of anything out of the company itself.
But looking at the AVZ share price, we see some immense volatility that might be the cause of this volume. AVZ shares are currently up 4.4% at 95 cents each. The company spiked at open this morning, before falling into negative territory, and subsequently rising to its current pricing. What a day!
The post These 3 ASX 200 shares are topping the volume charts this Monday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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