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

It’s been a disappointing day for S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After the pleasing start to the trading week we saw yesterday, the ASX 200 has taken a turn for the worse this Tuesday. At the time of writing, the Index is currently nursing a hefty 0.48% loss. That drags the ASX 200 back below 7,350 points. 

But let’s not let that get us down. So instead, let’s turn to the shares that are making waves on the ASX 200’s share trading volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a familiar face in ASX 200 lithium stock Pilbara Minerals. So far this session, a sizeable 36.56 million Pilbara shares have changed hands as it currently stands. There hasn’t been any news out of Pilbara itself today. But, as my Fool colleague James covered earlier, the company has still been the recipient of some love from an ASX broker.

UBS has upgraded Pilbara to a buy, with a share price target of $4.60. Pilbara shares have surged today, presently enjoying a 4.1% boost to $3.96 each. It’s probably a combination of these events that has resulted in so many shares flying around.

Core Lithium Ltd (ASX: CXO)

Next, we have another ASX 200 lithium stock in Core Lithium, with a notable 37.07 million shares finding a new home so far. We have had some big news from Core today that could explain this volume we see. As we covered this morning, Core has just revealed to investors that its flagship Finniss Lithium Operation has had its mineral resource estimate lifted by a pleasing 62% to 30.6 million tonnes of lithium oxide.

Investors appear delighted with this news, judging by the fact that Core shares have gained a whopping 7.24% to 99 cents each.

Sayona Mining Ltd (ASX: SYA)

Third and finally today, let’s discuss yet another ASX 200 lithium share in Sayona Mining. This Tuesday has had a chunky 39.12 million Sayona shares bought and sold on the share market thus far. Unlike the other two lithium stocks on this list, Sayona is having a rather awful day.

The Sayona share price is presently down by a nasty 6.05% at 20 cents. There has been no fresh news out of Sayona today, although the company did rocket by 10% yesterday. So maybe the market is doing a bit of ‘rubber-banding’ here. Either way, this large selloff is probably why Sayona is boasting such elevated trading volumes this session.

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

• Why Core Lithium, Neuren, Norwest, and Pilbara Minerals shares are pushing higher
• Why Ramelius, Sayona Mining, St Barbara, and Woodside shares are dropping today
• Should I invest in the ASX 200 or the S&P 500?
• Up 80% in a month, Liontown share price smashes all-time high on Tuesday
• Core Lithium share price leaps 5% on ‘fantastic outcome for shareholders’

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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