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

The S&P/ASX 200 Index (ASX: XJO) is giving investors a hump-day slump so far this Wednesday. At the time of writing, the ASX 200 has retreated by a chunky 0.8% and has slipped back to just above 6,700 points.

But let’s not dwell too long on that, so instead, it’s a good time to have a look at the ASX 200 shares that are currently topping the market’s share volume charts today, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium stock Pilbara is our first share to take a gander at this Wednesday. So far today, a notable 17.13 million Pilbara shares have been traded on the markets. This volume may have been helped by the production update Pilbara delivered this morning.

The company reported a significant boost in lithium production from its Pilgangoora Project in Western Australia. Even so, this is not enough to stop a slide in Pilbara shares today it seems. The company is presently down by 1.26% at $2.36 a share.

Perhaps it is a combination of these two factors that have resulted in so many shares trading.

Lake Resources N.L. (ASX: LKE)

Another ASX 200 lithium stock is next up with Lake Resources. A sizeable 18.34 million Lake Resources shares have changed hands as it currently stands. Unlike Pilbara, there hasn’t been any news out of Lake Resources today.

However, the company’s shares have copped a hammering so far. The Lake Resources share price is currently down by a nasty 4.58% at 79 cents. This drop has probably been the cause of the elevated volumes we are seeing.

Liontown Resources Limited (ASX: LTR)

Our final and most traded share of the day so far goes to yet another ASX 200 lithium stock in Liontown Resources. At the time of writing, a whopping 33.62 million Liontown shares have bounced around the share market.

Unlike the other two shares we’ve discussed though, Liontown is on fire today, rising by more than 5.3% at $1.12, after going as high as $1.25 earlier this morning. It seems investors have been buoyed by an offtake agreement with the global car giant Ford that we went through earlier today. This announcement and share price rise are almost certainly behind the high volumes we are witnessing.

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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Motley Fool contributor Sebastian Bowen has positions in Ford. 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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