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

The S&P/ASX 200 Index (ASX: XJO) has clearly gotten out of bed on the right side this morning, with a positive start to the week’s trading so far this Monday. After what was a fairly positive week for ASX shares last week, the ASX 200 has kept the party going so far today. The Index is presently enjoying a decent 0.17% lift, putting it back over 7,370 points. 

Let’s hope this goodwill holds for the rest of the week. But time now to delve a little deeper into today’s gains. So let’s check out the ASX 200 shares that are topping the share market’s trading volume charts right now, according to investing.com. See if you can spot a trend today.

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

First up we have ASX 200 lithium stock Pilbara Minerals. So far this Monday, a sizeable 18.95 million Pilbara shares have been bought and sold on the markets. There hasn’t been any news or announcements out of Pilbara itself today. So this volume looks like it might be being caused by the movements of Pilbara shares themselves.

Pilbara has indeed had a rather volatile session so far. The company is presently up by 0.53% at $3.77 a share, but has had several stints in both positive and negative territory over the trading day, and has fluctuated between $3.66 and $3.79 a share. This bouncy showing is the likely cause behind the high volumes on display here.

Lake Resources N.L. (ASX: LKE)

Next up we have another ASX 200 lithium share in Lake Resources, with a hefty 26.53 million shares that have changed hands as it currently stands. It’s a bit easier to see what is behind the volumes of this company. This morning, Lake revealed that it has hit a “major milestone” at its Argentinian Kachi Project.

Kachi has produced 2,500 kilograms of lithium carbonate, successfully using ion exchange technology for the first time. Investors have responded with unbridled enthusiasm, adding almost 19% to the Lake share price to 55 cents a share. No wonder so many shares are flying around.

Sayona Mining Ltd (ASX: SYA)

Last up this Monday is yet another ASX 200 lithium share in Sayona Mining. Sayiona has seen a whopping 71.2 million of its shares bought and sold at this point of the trading day. It’s been a big day for ASX 200 lithium stocks today, with Sayona revealing that it has significantly expanded its Canadian lithium operations.

The company now estimates that its Moblan Lithium Project is now one of the largest lithium resources in North America. Investors have also flocked to Sayona shares today, sending the company up an eye-watering 15% at one point.

Right now, Sayona is sitting on a 10.3% gain at 22 cents a share. This is almost certainly why the company has had so many of its shares bouncing around the ASX boards.

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

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• What can ASX 200 investors expect from the US Fed in 2023?
• If I’d invested $1,000 in Liontown shares at the start of 2023, here’s what I’d have now
• Here’s why Bank of Queensland shares are making news again this week
• ASX 200 gold stock Regis Resources is tumbling 12% today. Here’s why
• Lake Resources share price leaping 10% higher on ‘major milestone’

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.

from The Motley Fool Australia https://ift.tt/BS4FLuf