The AVZ Minerals Ltd (ASX: AVZ) share price remained frozen at 78 cents today after the company requested an extension to its voluntary trading halt, last extended on Monday.

The ASX lithium share has asked for a voluntary suspension until the start of trade on 15 November 2022, or earlier if an announcement is made.

The company is involved in proceedings regarding its mining and exploration rights for the Manono lithium and tin project located in the Democratic Republic of Congo (DRC) in central Africa.

The reason for the latest extension is that “the subject of the initial trading halt request remains incomplete”. This refers to its previous voluntary trading halt extension request dated 10 October.

Indeed, the halt has been extended multiple times as the company attempts to finalise an ownership dispute with China’s Jin Cheng Mining, which claims to own a portion of the Manono lithium and tin project.

AVZ has denied the claim, leading to a protracted arbitration proceeding between the two companies.

A second company has also made a claim to Manono, this time coming from Dathomir Mining Resources. A DRC tribunal granted Dathomir’s request to suspend the sale of a 15% stake in Manono to AVZ, which makes the ongoing ownership dispute all the more complicated.

AVZ issues company updates

While all these disputes are going on, AVZ posted a number of company updates to the market on Monday, including its quarterly activities report.

One highlight is that an International Chamber of Commerce arbitrator has been appointed to hear proceedings in the Jin Cheng Mining dispute. A case management conference is due to be held between the two companies.

AVZ also said it’s having “high-level discussions” with DRC officials regarding its mining and exploration rights in the country.

Its update also included initial results from its Roche Dure drilling program. The drill holes were said to have uncovered “high-grade spodumene lithium mineralisation including 226.8m @ 1.67% Li2O & 307 ppm Sn and 226.8m @ 1.67@ Li2O”.

The post The trading halt on AVZ Minerals shares has been extended again. Here’s the latest appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares that turned a $10,000 investment into $500,000
• AVZ share price remains on ice following legal update
• Waiting for AVZ shares to resume trading this week? Don’t hold your breath
• AVZ Minerals shares are scheduled to resume trading next week. Here’s what to watch

Motley Fool contributor Matthew Farley 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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The BrainChip Holdings Ltd (ASX: BRN) share price finished the session on Wednesday near flat at 65.5 cents.

This followed a dramatic morning that saw the BrainChip share price pop then drop within the space of 75 minutes immediately after the market open.

The semiconductor company’s shares opened at 65.5 cents and quickly climbed to an intraday day of 67.5 cents. That was a 3.8% bump on the previous closing price.

Then just as dramatically, the share price fell to an intraday low of 63.5 cents by about 11:15am. That was a 2.3% drop on yesterday’s close.

There is no price-sensitive news from the tech company today.

BrainChip issues 7.5 million new shares for employees

In a cleansing notice published by the ASX this morning, BrainChip said:

BRN today issued 7,500,000 fully paid ordinary shares (Shares) to the Trustee of the Brainchip Long Term Incentive Plan Trust for the purposes of administering the Long Term Incentive Plan.

The Shares were issued without disclosure to investors in accordance with Part 6D of the Corporations Act.

BrainChip now has about 1.73 billion shares on issue, as well as about 100 million unquoted securities.

What’s happening with the BrainChip share price?

The share issue follows a horror month for the BrainChip share price.

As my Fool colleague James reported, the stock lost a quarter of its value in October.

Most of the fall came after the company released its Q3 FY22 update last Thursday.

That update revealed that the company generated cash receipts of just US$118,000 during the three months to 30 September. That’s a decrease of US$1.1 million on the receipts generated in Q2 FY22.

The BrainChip share price is down 18% in the year to date.

BrainChip not the only one issuing new ASX shares today

Core Lithium Ltd (ASX: CXO) also issued a stack of new ordinary shares today — 870,872 to be exact.

According to the cleansing notice, 700,000 shares are for employees who exercise their unquoted performance rights for nil consideration.

A further 170,872 shares were issued at 45 cents per share for investors who have exercised unquoted options.

The post Why did the BrainChip share price pop then drop today? appeared first on The Motley Fool Australia.

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More reading

• Why did the BrainChip share price lose a quarter of its value in October?
• These were the worst-performing ASX 200 shares in October
• Why Brainchip, Bubs, EML, and Fortescue shares are falling today
• Here were the 3 most heavily traded ASX 200 shares on Friday
• Why Brainchip, Calix, Fortescue, and ResMed shares are sinking

Motley Fool contributor Bronwyn Allen 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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The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price was out of form on Wednesday.

A late collapse saw the pizza chain operator’s shares end the day over 5% lower at $60.01.

Why did the Domino’s share price take a tumble?

Investors were selling down the Domino’s share price after the company released its annual general meeting update just before the market close.

According to the update, trading conditions have been tough so far in FY 2023, which has led to network sales falling 1.8% year to date. On a same store sales basis, sales are down 1% over the prior corresponding period.

One positive, though, is that the company’s sales have improved in October, with sales up 1.6% month to date. In addition, management continues to expect to be back within its 3% to 6% sales growth target by the end of the year.

What about its earnings?

Things have been equally challenging on the bottom line for Domino’s due to inflationary pressures, high energy prices, and foreign exchange headwinds.

As a result, excluding the latter, management only expects “to deliver NPAT growth in FY23.”

Though, this isn’t stopping the company from expanding its network. In fact, the company “intends to set a new record for network expansion this Financial Year, with organic growth and three newly acquired markets to beat the FY16 record of 484 stores.”

‘A challenging short-term outlook’

Domino’s CEO and managing director, Don Meij, commented:

We understand inflation, particularly high energy prices in Europe, are making customers consider every purchase – our answer to this is delivering a high-quality product at an affordable price. Customers have options, as they always have, and we believe we have an unrivalled ability to provide them choice and value; from inflation-busting offers for those looking for a meal for one, through to bundled offers for families and friends.

Some of our smaller competitors are under pressure in our markets, as they do not benefit from the same strategy and purchasing power, which means there is an increasing opportunity for smaller infill acquisition opportunities in our existing markets, in addition to possible market share gain.

This is a challenging short-term outlook for our business, but our confidence in the medium- to long-term is built on strong unit economics, allowing an expansion of our network to the benefit of customers, franchisees and shareholders.

The post Domino’s share price sinks 5% on AGM update appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• These were the best-performing ASX 200 shares in October
• Here are the 10 most shorted ASX shares
• Brokers name 3 ASX shares to buy today
• 22 high-yield ASX dividend shares Wilsons is targeting

Motley Fool contributor James Mickleboro 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 recommended Dominos Pizza Enterprises Limited. 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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The S&P/ASX 200 Index (ASX: XJO) spent a third consecutive day in the green on Wednesday. The index gained 0.14% to close at 6,986.7 points. That marks its highest close in seven weeks.

That’s despite a dire night on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) slipped 0.2% overnight while the S&P 500 Index (SP: .INX) fell 0.4% and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 0.9%.

Back home, the S&P/ASX 200 Materials Index (ASX: XMJ) led the way, gaining 1.1% amid rising commodity prices.

All major base metals lifted, with nickel posting an 8.3% surge. Meanwhile, gold futures rose 0.5% to US$1,649.70 an ounce and iron ore futures increased 2.9% to US$80.03 a tonne.

The S&P/ASX 200 Energy Index (ASX: XEJ) also jumped 1.1% on the back of higher oil prices.

The Brent crude oil price gained 2% to US$94.65 a barrel while the US Nymex crude oil price lifted 2.1% to US$88.37 a barrel.

All in all, five of the ASX 200’s 11 sectors closed higher today. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The Coronado Global Resources Ltd (ASX: CRN) share price took out today’s top spot despite no news having been released by the company.

Though, it has now gained nearly 13% since it released its latest quarterly earnings, complete with a special dividend, on Monday.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Coronado Global Resources Ltd (ASX: CRN)	$2.10	8.81%
Perpetual Limited (ASX: PPT)	$26.90	5.53%
Lake Resources N.L. (ASX: LKE)	$1.115	5.19%
Ramelius Resources Limited (ASX: RMS)	$0.815	5.16%
Imugene Limited (ASX: IMU)	$0.205	5.13%
Whitehaven Coal Ltd (ASX: WHC)	$9.53	4.15%
Sandfire Resources Ltd (ASX: SFR)	$3.77	4.14%
BlueScope Steel Limited (ASX: BSL)	$16.82	4.08%
Alumina Limited (ASX: AWC)	$1.455	3.93%
Champion Iron Ltd (ASX: CIA)	$4.97	3.11%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why Atlantic Lithium, Coronado Global, Lake Resources, and Rio Tinto are charging higher
• A2 Milk share price climbs amid legal stoush
• Here are the 3 most traded ASX 200 shares on Wednesday
• What’s boosting the Lynas share price on Wednesday?
• Why did the IAG share price just hit a new 52-week high?

Motley Fool contributor Brooke Cooper 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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Looking for dividend shares to buy? Listed below are two ASX dividend shares that brokers rate as buys.

Here’s why they are bullish on these dividend shares:

Adairs Ltd (ASX: ADH)

According to analysts at Goldman Sachs, Adairs could be an ASX dividend share to buy right now.

Goldman believes the furniture and homewares retailer’s shares have been oversold, particularly given the resilience of its business. It also feels that the market is too bearish on Adairs’ chances of achieving guidance this year.

It explained:

We view the re-affirmed guidance as a key positive for ADH, and we believe the market is pricing in EBIT that is 11-21% below the guidance range, and 12% below GSe. We view the core Adairs business as resilient in the current environment and do not believe the c.40% discount to discretionary retail peers is justified.

In light of this share price weakness, the broker is forecasting some very generous fully franked dividend yields in the near term. Its analysts expect dividends per share of 17 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.20, this will mean yields of 7.7% and 9.1%, respectively.

Goldman Sachs currently has a buy rating and $2.65 price target on the company’s shares.

QBE Insurance Group Ltd (ASX: QBE)

Over at Morgans, its analysts are tipping insurance giant QBE as an ASX dividend share to buy.

The broker is feeling positive about the company due to rising premiums and cost reductions. It explained:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~9.1x FY23F PE

In respect to dividends, Morgans expects a 41.5 cents per share dividend in FY 2022 and then a 76.5 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.58, this equates to yields of 3.3% and 6.1%, respectively.

The broker also sees plenty of upside for QBE’s shares. Morgans currently has an add rating and $14.93 price target on its shares.

The post Analysts says income investors should buy these ASX dividend shares in November appeared first on The Motley Fool Australia.

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More reading

• Why I’d grab today’s cheap ASX shares before it’s too late
• Brokers name 2 ASX dividend shares to buy
• How I’d build a portfolio by investing in top ASX shares now
• Goldman Sachs says these are the ASX dividend shares to buy
• Morgans names the ASX 200 dividend shares to buy

Motley Fool contributor James Mickleboro 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 ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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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The sell-off that share markets have seen in 2022 could be a great time to go hunting for cheap ASX shares.

Some businesses aren’t necessarily better value just because they fall 5% or 10%. The prospects for short-term profitability could have noticeably reduced.

But, when a share price has declined by 30%, 50% or even more, I think it’s worth considering whether that is an opportunity for investors.

A share price is meant to represent the long-term value of a business, not just what happens in the next three or 12 months. Depending on the business, I think it’s unlikely that the long-term value of the company has reduced by that much.

As a bonus, if we can find businesses that could pay sizeable dividends, the low price-to-earnings (p/e) ratio could mean that investors are rewarded in the short term. I don’t believe that economic conditions will always look this uncertain.

However, I think it’s worth saying that investors should try to avoid businesses with dangerous amounts of debt.

When a business falls in value, it means that a recovery can be stronger in percentage terms for new investors. What I mean by that is, for example, if a company falls by 50% then a recovery back to its former price would be a rise of 100%. It’s hard to know which ones will recover significantly without a crystal ball. But, looking at their business plans can help.

These are some of the examples that I’d look at.

Adairs Ltd (ASX: ADH)

Adairs is a business that sells homewares and furniture.

First, let’s look at how cheap it may be and the expected dividend. The Adairs share price has fallen by 45% this year. According to Commsec, Adairs is now valued at 8x FY23’s estimated earnings. The FY23 grossed-up dividend yield could be 11.6%. I think those two statistics make it a cheap ASX share.

While it’s quite possible that households are going to reduce their discretionary spending on some items that Adairs sells, I think it can continue to generate good enough profits to keep the dividends flowing to shareholders during this period.

I like the company’s plans to upsize some stores to the more profitable larger format. The focus on improving efficiencies, growing its store network, and working on e-commerce sales also seems smart.

Accent Group Ltd (ASX: AX1)

Let’s again start by having a look at how much damage has been done this year. The Accent share price has dropped by 37% since the start of 2022. Not as much as Adairs, but still a hefty drop.

Accent is a business that sells a wide variety of shoe brands. Some brands it owns, whereas others it is the distributor for. While shoes aren’t exactly the most defensive industry, we do all need shoes, so I think there will still be enough demand for the company to stay profitable and keep paying good dividends.

According to Commsec, the Accent share price is valued at 13x FY23’s estimated earnings with a potential grossed-up dividend yield of 8.7%. I think these numbers make Accent a cheap ASX share.

But, even though the economy is going through a bit of a rough time, I like that the business is laying the groundwork for the next phase of growth.

Like Adairs, it is also trying to grow its online sales and improve its profit margins. But, the key part of the plan that I like the most about Accent is that it is opening dozens of new stores. This enables Accent to benefit from growing scale. It also means that FY23 will see a full year’s sales contribution from stores opened in FY22, and that stores opened in FY23 can partly contribute to the year, as well as boost the sales and earnings next year.

The post Why I’d grab today’s cheap ASX shares before it’s too late appeared first on The Motley Fool Australia.

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More reading

• Analysts says income investors should buy these ASX dividend shares in November
• Brokers name 2 ASX dividend shares to buy with big yields
• Brokers name 2 ASX dividend shares to buy
• How I’d build a portfolio by investing in top ASX shares now
• Goldman Sachs says these are the ASX dividend shares to buy

Motley Fool contributor Tristan Harrison 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 ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Accent Group. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a modest gain. At the time of writing, the benchmark index is up 0.2% to 6,993.1 points.

Four ASX shares that are climbing more than most are listed below. Here’s why they are charging higher:

Atlantic Lithium Ltd (ASX: A11)

The Atlantic Lithium share price is up 33% to 94 cents. Investors have been buying this lithium explorer’s shares following the release of an update on drilling activities at its Ewoyaa Main deposit in Ghana. CEO Lennard Kolff commented: “The latest infill drilling results from within the current Resource at the Ewoyaa Main deposit have returned multiple high-grade pegmatite intervals over 1.5% Li2O and up to 95m long with the hole ending in mineralisation, providing further confidence in future Resource to Reserve conversion.”

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is up 9% to $2.10. This morning the team at Morgans retained its add rating on this coal miner’s shares with an improved price target of $2.40. The broker notes that Coronado Global delivered stronger than expected revenue and earnings during the last quarter. It was also pleased to see a special dividend declared.

Lake Resources N.L. (ASX: LKE)

The Lake Resources share price is up 5.5% to $1.12. The catalyst for this was the release of a positive update on the lithium developer’s demonstration plant at the Kachi project in Argentina. Lake revealed that it is now processing Kachi brines and has delivered an at-spec product in initial test work.

Rio Tinto Limited (ASX: RIO)

The Rio Tinto share price is up 2.5% to $92.79. This morning the mining giant revealed that it made a breakthrough with its quest to acquire the rest of Turquoise Hill. If successful, the company will increase its stake in the massive Oyu Tolgoi copper and gold project in Mongolia to 66%.

The post Why Atlantic Lithium, Coronado Global, Lake Resources, and Rio Tinto are charging higher appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Wednesday
• Top brokers name 3 ASX shares to buy today
• 3 ASX resources shares leaping over 15% today
• Lake Resources share price leaps 10% on ‘excellent early results’
• Why is the Rio Tinto share price pushing higher today?

Motley Fool contributor James Mickleboro 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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The AGL Energy Limited (ASX: AGL) share price is outperforming on Wednesday despite the company’s silence.

Its strong performance also comes despite more bad news for the company’s board as it heads towards its annual general meeting (AGM).

Three key proxy advisors have reportedly sided with major shareholder and billionaire Mike Cannon-Brookes ahead of a shareholder vote on the election of four potential directors.

Right now, the AGL share price is up 1.54% at $7.23. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has lifted 0.26% and the S&P/ASX 200 Utilities Index (ASX: XUJ) has jumped 0.33%.

Let’s take a closer look at the latest on what could amount to a major scuffle at AGL’s AGM.

AGL share price lifts amid more AGM drama

The AGL share price is out in front of the market today amid reports three proxy advisors have recommended the company’s shareholders vote against the AGL board’s recommendations.

The drama kicked off last month when the board advised shareholders to vote against electing three of the four potential directors nominated by Cannon-Brookes.

Going up against the Atlassian Corp (NASDAQ: TEAM) co-founder and co-CEO hasn’t gone well for the company in the past. Who could forget the successful campaign against the company’s split?

The AGL board recommends shareholders support the appointment of former Tesla Inc (NASDAQ: TSLA) director Mark Twidell. However, it recommends they vote against the election of Cannon-Brookes’ other nominations, Dr Kerry Schott, John Pollaers, and Christine Holman.

The billionaire slammed the move as “yet another poor decision” that “ignores the threats and opportunities facing AGL”.

And it appears key proxy advisors are on his side.

Institutional Shareholder Services recommends shareholders vote for the election of all four nominations, while Ownership Matters and CGI Glass Lewis recommend they vote for all except Pollaers, the Australian Financial Review reports.

The firms are said to advise around 30% of all outstanding AGL shares between them. Of course, Cannon-Brookes boasts an 11.28% stake in the company through investment vehicle Grok Ventures.  

No doubt all eyes will be on AGL, and its share price, when the company hosts its AGM on Tuesday, 15 November.

The post What’s going on with the AGL share price today? appeared first on The Motley Fool Australia.

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More reading

• Why did the AGL share price outperform the ASX 200 on Friday?
• Why AGL, Mirvac, PeopleIn, and SkyCity shares are charging higher
• Why the AGL share price can surge 35%: Morgans
• 2 much-maligned ASX shares cheap enough to buy now: experts
• Could chasing high yields mean missing out on potentially top-notch ASX dividend shares?

Motley Fool contributor Brooke Cooper 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 Atlassian and Tesla. 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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The A2 Milk Company Ltd (ASX: A2M) share price is up almost 2% in late afternoon trading on Wednesday.

Shares of the baby formula giant are currently at their intraday high of $5.30 a share, a 1.92% gain on yesterday’s closing price.

The company’s shares are defying a minor sell-off in the consumer staples sector on Wednesday, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) currently down 0.73%.

Meanwhile, the broader market is almost flat, with the S&P/ASX 200 Index (ASX: XJO) up only 0.16%.

The gain comes amid news that A2 Milk is challenging one of its rivals over an intellectual property dispute, as reported by The Australian. And judging by its share price movement, investors seem to believe it will come out on top.

Let’s investigate the details of the lawsuit.

A2 Milk sues Care A2

A2 Milk has filed a claim in the Federal Court against its rival Care A2, seeking a “permanent injunction restraining the respondents from infringing the A2 Milk registered marks”, according to the report.

The action follows a cease and desist letter to Care A2 as well as Care A2’s countersuit denying any alleged trademark infringement.

The article also said that Care A2 milk’s parent company, Care Corporation, has warned of a fake prospectus circulating. It reportedly contains claims the company seeks to raise $49.5 million to float the company on the ASX and has a valuation of $544.5 million.

Inside the fake prospectus, there are also several unfavourable comparisons between A2 Milk’s products and Care’s. These reportedly include the claim that A2 Milk’s Platinum product “is not produced from grass-fed A2 cows and does not use fresh milk”, the article said.

A2 Milk has historically shown some resilience when it’s found itself in legal trouble. In May, A2 Milk’s shareholders launched a class action against the company for alleged misleading and deceptive conduct.

This could indicate that A2 Milk will maintain its footing despite the legal turmoils ahead.

A2 Milk share price snapshot

The A2 Milk share price is down around 3% year to date. Meanwhile, the S&P/ASX 200 Index is down more than 6% over the same period.

The company’s market capitalisation is around $3.9 billion.

The post A2 Milk share price climbs amid legal stoush appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Wednesday
• What’s boosting the Lynas share price on Wednesday?
• Why did the IAG share price just hit a new 52-week high?
• Why did the AMP share price just crack another new 52-week high?
• 3 ASX 200 shares hitting new heights today

Motley Fool contributor Matthew Farley 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 recommended A2 Milk. 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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The S&P/ASX 200 Index (ASX: XJO) is once again climbing during this Wednesday’s session in what is turning out to be a top week thus far for ASX shares. At the time of writing, the ASX 200 has gained a bouncy 0.14%, putting the index just below 6,990 points. That puts the ASX 200 up over 3% this week so far alone.

But let’s delve deeper into these gains today by taking a look at the ASX 200 shares that are presently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Medibank Private Ltd (ASX: MPL)

First up today is the ASX 200 private health insurer Medibank Private, with a notable 14.9 million shares traded thus far. There haven’t been any fresh developments out of the company itself today. However, Medibank has been going through a lot in recent weeks, thanks to a well-publicised cyberattack.

After its shares returned from a trading halt last month, the company was battered. However, investors seem to be in a forgiving mood today, giving Medibank a 1.6% gain to $2.90 a share. It could be this that has lured so many shares to a new home with this healthcare share today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium share Pilbara Minerals is next up today. This Wednesday has seen a hefty 17.7 million Pilbara shares bought and sold so far. There’s been no news out of this company today.

However, that hasn’t stopped the Pilbara share price from defying the broader markets and recording a depressing fall. Currently, Pilbara shares are down a nasty 3.4% at $5.13. It’s this steep drop that is probably causing the high volumes we are seeing.

Lake Resources NL (ASX: LKE)

Our final share this Wednesday is another ASX 200 lithium stock in Lake Resources. This session has had a sizeable 31.13 million Lake shares exchanged thus far. Despite sharing a common purpose, Lake shares are going the opposite way to those of Pilbara today.

At present, Lake Resources is up a pleasing 5.66% at $1.12 per share. As my Fool colleague Brooke covered earlier, this appears to be a result of the company’s promising update regarding its Kachi Project.

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

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More reading

• Why Atlantic Lithium, Coronado Global, Lake Resources, and Rio Tinto are charging higher
• A2 Milk share price climbs amid legal stoush
• Why Amcor, Australian Strategic Materials, Goodman, and Pilbara Minerals are dropping
• What’s boosting the Lynas share price on Wednesday?
• Could the Medibank share price be on the road to recovery?

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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