The S&P/ASX 200 Index (ASX: XJO) has started the trading week on a topsy-turvy note so far this Monday. At the time of writing, the ASX 200 is up but only just, gaining 0.04% at just under 7,482 points.
But rather than trying to figure that out, let’s instead check out which ASX 200 shares are currently at the peak of the ASX’s trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume this Monday
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is our first share to check off today. This ASX 200 lithium producer had had a sizeable 14.49 million of its shares traded on the markets so far. This may be the result of the announcement Pilbara made this morning. The company is pressing ahead with its lithium conversion facility that it’s undertaking in a joint venture with the Korean company Posco. The markets don’t seem to be in an approving mood though, with the Pilbara share price currently down by 3.75% to $3.08. It could be a combination of these events which has led to so many shares trading today.
Paladin Energy Ltd (ASX: PDN)
Tuning to another resources company, we have ASX 200 uranium share Paladin. So far today, a hefty 20.96 million Paladin shares have been bought and sold. There’s been no major news or announcements out of Paladin today. However, the company has also suffered a nasty share price fall. The Paladin share price is currently down by 2.76% at 88 cents. It’s this drop that is likely to be the smoking gun behind Paladin’s high volumes today.
AVZ Minerals Ltd (ASX :AVZ)
Another ASX 200 lithium share in AVZ caps off our list today. This Monday has seen a notable 23.83 million AVZ shares swap hands so far. It’s a similar story here too. No news out of AVZ but a painful share price drop. In this case, the AVZ share price is presently down a nasty 4.91% at $1.065. This is probably the reason why we are seeing AVZ top out the ASX 200’s most traded shares so far this Monday. Despite today’s share price fall, AVZ shares are still up an impressive 253% over the past six months alone.
The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.
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More reading
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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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