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

It’s been a depressing start to the trading week so far for the S&P/ASX 200 Index (ASX: XJO). The ASX 200 has clearly gotten out on the wrong side of the bed this morning, with the index copping a nasty 0.98% loss so far today. It’s at 6,612.8 points at the time of writing.

But let’s not let that get us down. We’ll instead check out the shares that are currently at the top of the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

Lithium producer Pilbara is our first ASX 200 share this Monday. So far today, 11.01 million Pilbara shares have been bought and sold thus far. We haven’t got much in the way of news out of the company directly.

However, Pilbara shares have taken a nasty tumble so far today. This lithium stock is presently down by 2.13% to $2.30 a share. This is the likely source of the high volumes we are seeing.

Lake Resources N.L. (ASX: LKE)

Lake Resources is our next company worth checking out. This ASX 200 lithium stock has had a notable 15.41 million of its shares bounce around the market this Monday. We haven’t heard anything out of Lake today either.

In saying that, we did discuss the company’s hefty share price loss earlier. Lake Resources shares are presently down by 4.86% at 68.5 cents each. Not only that but we also found out this morning that the company has become a short-seller target. So it’s probably these factors behind these high volume numbers.

EML Payments Ltd (ASX: EML)

Our third and final ASX 200 share today is payments company EML. This trading session has seen a sizeable 24.69 million EML shares swap hands as it currently stands.

We don’t have to look too far for this one. EML has suffered a whopping 22.66% selloff so far this Monday. This comes after the sudden and unexplained departure of the company’s CEO Tom Cregan, announced this morning. Investors have reacted swiftly in punishing EML shares. With such a dramatic share price loss, the high volumes we are seeing are not too surprising.

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

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More reading

• Why are Lake Resources shares becoming a short seller target?
• Here are the 5 best ASX 200 bank shares of FY22
• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• EML share price sinks 18% amid CEO’s unexplained departure
• Is this a good time to go digging for ASX 200 mining shares for FY23?

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 positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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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