Here are the 3 most heavily traded ASX 200 shares on Wednesday

The goodwill that we saw for ASX 200 shares earlier this week has evaporated, and then some, today after a savage session of selling. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has crashed by a painful 2.47% to back under 6,840 points after touching 7,000 points just yesterday.

But let’s at least try not to dwell too much on those sobering numbers. So instead, let’s take stock of the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Core Lithium Ltd (ASX: CXO)

Our first ASX 200 share up today is the lithium stock, Core Lithium. This Wednesday has seen a notable 18.45 million Core Lithium shares change owners on the markets thus far. There’s been no news out of the company today.

So this volume can probably be put down to the movements of the Core Lithium shares themselves. Core Lithium shares have copped a nasty sell-off, dropping by 3% to $1.62 a share. It’s this outsized loss that has probably resulted in the large volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Anotehr ASX 200 lithium share is next up with Pilbara mienrals. So far today, a meaningful 26.21 million Pilbara shares have been bought and sold. Again, it seems it is share price action that has resulted in this volume. Pilbara shares haven’t suffered as much as Core Lithium.

But the lithium producer has still seen a hefty 2.43% drop to $4.62 a share. It seems this company’s recent run of new 52-week highs might have to take a pause.

Lake Resources N.L (ASX: LKE)

Our third and most traded ASX 200 share today is yet another lithium stock in Lake Resources, making it three for three. This Wednesday has seen a whopping 34.77 million shares traded. Unlike the other two lithium shares today though, Lake Resources seems to have been singled out for some especially heavy punishment.

The company has cratered a depressing 15.4% at present down to $1.08 a share. As we dug into earlier, this comes amid news that Lake is facing a dispute with its business partner Lilac. Throw that in with the overall market malaise today, and we have the smoking gun for the elevated trading volumes we have witnessed with this company.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Why Lake Resources, Lovisa, Megaport, and St Barbara shares are dropping
• Why is the Core Lithium share price tumbling 3% today?
• Inflation fears crash Pilbara Minerals share price party
• Lake Resources share price slides 18% amid market rout and project dispute
• Expert predicts stock market will crash 20% lower in the next four weeks as US inflation rages out of control

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 Scott Phillips.

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