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

The S&P/ASX 200 Index (ASX: XJO) is building on the gains we saw yesterday and is pushing higher during Tuesday’s session. Investors seem to be in a good mood, with the ASX 200 presently basking in a pleasing 1.02% rise, which lifts the index back over 7,000 points.

But let’s dive a little deeper into these happy gains by taking stock of the shares currently at the peak of the ASX 200’s share trading volume charts, according to investing.com. And boy, do we have some volumes to discuss today.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up is the ASX 200 lithium leader Pilbara Minerals. So far this Tuesday, a significant 46.23 million PIlbara shares have been changed on the ASX. We haven’t had anything out of Pilbara itself that could explain this volume. But it’s pretty obvious what is behind so many shares bouncing around.

As my Fool colleague Brooke covered this morning, one of Pilbara’s lithium peers on the ASX has received (and rejected) a takeover offer. As a result, all ASX lithium shares are going through the roof today. Pilbara is no exception, with the company recording a happy 13% rise so far this session, leaving the company at $3.88 a share.

Sayona Mining Ltd (ASX: SYA)

Next up is another ASX 200 lithium stock in Sayona Mining. This Tuesday has seen a massive 49.7 million Sayona shares change hands as it currently stands.

It seems we have a very similar situation to that of Pilbara today. In Sayona’s case, this lithium producer has bagged a chunky 11.9% rise, putting the company at 21 cents a share. This easily explains the high volumes on display here.

Liontown Resources Ltd (ASX: LTR)

Thirdly today, it’s another ASX 200 lithium stock in Liontown Resources, with a monstrous 113.8 million shares bought and sold.

The mystery ASX 200 lithium stock that has swatted away a takeover bid today is none other than Liontown. As we discussed this morning, Liontown has received a takeover offer from US lithium company Albemarle to acquire the company for $2.50 a share.

Liontown has rejected the offer outright, calling it “opportunistic”. But investors have gone to town celebrating anyway. The Liontown share price is currently up a whopping 64% to $2.50 a share. So it’s no surprise to see more than 100 million shares flying around today.

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

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More reading

• 8 ASX 300 lithium stocks surging over 10% today
• Why Chalice Mining, Core Lithium, Liontown, and United Malt shares are racing higher
• Here’s why the Sayona Mining share price is shooting 14% higher today
• 3 ASX 200 shares cracking multi-year highs on Tuesday
• Why are ASX lithium shares going gangbusters on Tuesday?

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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