Of all the US shares that have captured the minds of Aussie investors in recent years, electric vehicle and battery manufacturer Tesla Inc (NASDAQ: TSLA) surely comes close to topping the list.

For one, Tesla’s meteoric rise from US$38 a share back in May 2019 to the all-time high of US$1,243.49 that we saw in November last year was enough to turn some heads. And there are also the meme-friendly antics of eccentric Tesla CEO Elon Musk over the years to consider as well. Throw in the rabid interest that investors have developed for ‘clean and green’ companies, and we can begin to understand the fascination over Tesla that many investors have developed.

But with such a steep share price rise over the past few years, many investors might be wondering where this now-US$1.06 trillion company is headed next. What could possibly follow a three-year return of close to 1,800%?

Well, according to Cathie Wood, another quadrupling. Wood is a US-based investor and fund manager well-known for her bullish outlook on tech shares in particular. She runs ARK Invest, which is a firm that specialises in creating US tech-based ETFs such as the flagship ARK Innovation ETF (NYSE: ARKK). Wood has never been shy to spruik Tesla before. Her fund was an early investor in the company and has likely already made windfalls on investing in Tesla.

Cathie Wood: Tesla stock price to hit US$4,600, possibly US$5,800

But according to a report in the Australian Financial Review (AFR) this week, Wood is doubling down on Tesla. She is calling a US$4,600 Tesla stock price by 2026, which would be more than a four-fold increase on where the shares sit today. That’s up from ARK’s previous prediction of a US$3,000 Tesla stock price by 2025. ARK reportedly also has a ‘bull‘ and ‘bear‘ case for Tesla too. Its bear case still has the company at US$2,900 by 2026, but its bull case scenario is a whopping valuation of US$5,800 by the same year.

These revised valuation models reportedly factor in Tesla’s prospective ‘robotaxi’ business, as well as its “capital efficiencies”.

So could the company really reach those heights? Well, we can’t know for sure today. But Wood was one of the few voices arguing Tesla would be a multi-bagger in 2019 when few others were.

However, the AFR report also cites a more pessimistic analyst in David Trainer, CEO of investment researcher New Constructs. Trainer sees Tesla shares at just US$150-$200 in the future, citing Tesla’s loss of its first-mover advantage in the electric vehicle space, and intensifying competition. 

Time will only tell who proves to be right on Tesla’s stock price. But no doubt it will still have investors’ attention, whichever way it goes. 

The post Can the Tesla share price really quadruple from here? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended 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 Bruce Jackson.

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With more than one million shareholders on the books, Telstra Corporation Ltd (ASX: TLS) is the most widely held ASX-listed share. But with the Telstra share price underperforming the S&P/ASX 200 Index (ASX: XJO) so far this year, is it the place to be?

Given the changes at the telecom giant, analysts and experts could be readjusting their expectations for the Aussie network provider. For investors, the main query is: does this mark the beginning of a sustained return to growth?

Let’s recap what a few experts think could be ahead for the company and the Telstra share price.

Leading with expansion after years of reduction

The end of an era is nigh following an announcement on 30 March that CEO Andrew Penn will be resigning. During his seven-year service at the helm, Penn led the radical overhaul of Telstra with the initiation of the T22 strategy.

Since its introduction in June 2018, Telstra has managed to shave off $2.5 billion in costs and return to underlying growth. During this time, the Telstra share price has appreciated by approximately 50%. Now that the full extent of the T22 strategy has been delivered, the blue-chip ASX share is moving forward with growth.

From 1 September 2022, Vicki Brady will take the reins and aspire to push forward with the new T25 strategy. In contrast, this new roadmap is geared towards expanding Telstra’s horizons once again. Some objectives of the T25 strategy include:

• Create sustained growth and value for shareholders
• Provide an exceptional customer experience
• Provide a leading network and technology solutions

Based on the actions taken recently, it appears Telstra is already looking to make headway on these goals. For instance, the unlikely partnership between TPG Telecom Ltd (ASX: TPG) and Telstra that was revealed in February. This will see the $47 billion telecom giant gain access to more spectrum in regional Australia.

Another play for growth includes the acquisition of Digicel Pacific, adding 2.5 million customers across Papua New Guinea, Fiji, Samoa, and other countries in the region.

Could it be green days ahead for the Telstra share price?

At the moment, many analysts are fond of the growth potential ahead for Telstra. The company itself is aiming for compound annual growth in the high teens for its underlying earnings per share (EPS) out to FY25.

In light of this, several brokers are currently holding buy ratings on the Telstra share price. Ord Minnett, Credit Suisse, and Morgans are expecting $4.50, $4.50, and $4.56 per share, respectively.

However, Morgan Stanley holds an even more bullish price target at $4.60. This would suggest a potential 14% upside to the Telstra share price.

The post After going backwards in 2022, could the Telstra share price be set to dial up some gains this quarter? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Do experts think the Telstra share price is good value right now?
• ‘Our hard work is paying off’: Here’s why the future Telstra CEO is excited about the ASX share’s ambitions
• Analysts name 2 ASX 200 dividend shares to buy now
• Is the Telstra share price a buy for dividends and growth?

Motley Fool contributor Mitchell Lawler 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 owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Analysts are predicting a supply shortage of graphite amid the electric vehicle (EV) boom.

One ASX graphite share that surged today was Black Rock Mining Ltd (ASX: BKT). The company’s share price soared 16% to 33 cents late in the session before closing at 31.5 cents, 10.53% higher.

Other ASX graphite shares include Syrah Resources Ltd (ASX: SYR) and Evolution Energy Minerals (ASX: EV1). The Syrah share price climbed 1.39% today while Evolution Energy closed up 6.1%, after shooting almost 16% higher at one stage.

So could ASX graphite shares be next in line for a boom like lithium shares?

Could graphite surge like lithium?

Analysts at Credit Suisse are predicting graphite prices to surge within the next five years, just like lithium. Graphite is another essential component of EV batteries.

In comments reported by The Age, analyst Phineas Glover said:

It looks a lot more like lithium three to five years ago.

In five years’ time, suddenly graphite pricing will have gone up in my view quite significantly, and it will bring a huge incentive to bring all these projects on board.

Glover predicts supply will fall 32% short by 2025 with demand for graphite to increase fivefold in 2050.

Certainly, Black Rock’s chief executive John de Vries also foresees a positive future for graphite. He told The Age:

I genuinely think the world got lithium, and the next thing that’s going to come will be the conversation around ‘we forgot about graphite’.

Black Rock is currently exploring the Mahenge graphite project in Tanzania in east Africa.

Share price recap

The Black Rock Mining share price has rocketed 121% in a year. Meanwhile, the Evolution Energy Minerals share price has surged 122% over the past year, while Syrah Resources has charged 74% higher.

In contrast, the S&P/ASX 200 Index (ASX: XJO) has returned about 8% in a year.

The post This forgotten battery metal ‘looks like lithium 3 to 5 years ago’: analysts appeared first on The Motley Fool Australia.

More reading

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• 3 ASX mining shares booming by 18% or more today
• ASX 200 midday update: AMP asset sale talks, Syrah rockets
• Syrah Resources share price booms 19% amid show of US support
• 5 things to watch on the ASX 200 on Tuesday

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 Bruce Jackson.

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Sometimes when a share delists from the ASX boards, it can mean good things for shareholders. Take the share price of Ramsay Health Care Limited (ASX: RHC) today. Ramsay informed the markets this morning that it had received a takeover offer.

If accepted, it would mean the company would exit the ASX and shareholders would get a significant premium on recent share pricing. This deal is not set in stone and could well fall through. But it gives an example of when an ASX exit can be a good thing for investors. Alas, it seems the opposite might be occurring for the Zebit Inc (ASX: ZBT) share price.

Zebit shares last traded at a price of 4.3 cents each yesterday afternoon. And that might be the last price the company ever receives from the ASX. That’s because Zebit has now officially been suspended from the ASX boards. That means its shares are no longer eligible to trade — bought or sold — on the ASX. It will officially depart our sharemarket on Friday 22 April.

Zebit share price departs ASX boards

It’s not the end for Zebit the company though. Zebit’s ASX listing was actually a CHESS depository interest (CDI). This means that the ASX listing was only a mirror image of the company’s ordinary shares. Its true stock is domiciled in the United States. However, the company does not trade on a share market stateside. So if investors still own Zebit shares, the following is their only option, according to the company:

If CDI holders do not sell their CDIs prior to [today], their CDIs will, following delisting… automatically be converted into shares of common stock in the Company at a ratio of one share of common stock per CDI. Holders of shares in common stock will then only be able to sell their shares to willing purchasers in accordance with the Company’s By-laws and the applicable laws of [the US state of] Delaware.

The buy now, pay later (BNPL) company first announced this move to investors back in February. At the time, it justified the move by highlighting the company’s lack of ASX liquidity, the high cost of maintaining a public listing, capital requirements, and the volatile valuation the market has placed on Zebit over time.

At the time, this announcement sparked a savage selloff, with the Zebit share price cratering by more than 60%. Between March 2021 and yesterday, Zebit shares gave up more than 97% of their value. Since February, the shares have lost even more steam.

So it looks as though it’s the end of the ASX road for Zebit which will continue life as a private company in the US from now on.

The post This struggling ASX BNPL share is delisting. What does this mean? appeared first on The Motley Fool Australia.

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• ASX 200 midday update: Ramsay rockets and Rio Tinto disappoints
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• Ramsay Health Care share price on watch amid $14.8bn takeover offer

Motley Fool contributor Sebastian Bowen owns Ramsay Health Care Limited. 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 Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a number of ASX shares with the potential to grow strongly in the future.

But three ASX shares that have been tipped for enormous growth over the next decade are listed below. Here’s what you need to know about them:

Lovisa Holdings Limited (ASX: LOV)

The first ASX share to look at is Lovisa. It is a fast-fashion jewellery retailer which has been growing strongly for a number of years. Pleasingly, this growth looks unlikely to stop any time soon thanks to management’s bold global expansion plans, which have analysts at Morgans very excited.

Its analysts believe this expansion could lead to Lovisa being “one of the biggest success stories in Australian retail.”

Morgans has an add rating and $24.00 price target on its shares.

Megaport Ltd (ASX: MP1)

Another share to look at is Megaport. It is a leading cloud connectivity and networking solutions provider which has also been growing at a solid rate in recent years. This is thanks to its first mover advantage in a market benefiting from two long-term structural tailwinds. These are the adoption of public cloud (and multi-cloud usage) and the transition towards Networking as a Service (NaaS).

Goldman Sachs is very bullish on Megaport and believes its “opportunity for further growth is immense” due to the “A$129bn p.a. spent on fixed enterprise networking across MP1 geographies).” The broker has a buy rating and $19.90 price target on its shares.

Nitro Software Ltd (ASX: NTO)

A final ASX share to look at is document productivity software company Nitro Software. It is aiming to drive digital transformation with its Nitro Productivity Suite, which provides integrated PDF productivity and electronic signature tools to customers big and small.

Goldman Sachs is also a very big fan of Nitro, noting that it is a challenger in a US$34 billion total addressable market across PDF productivity, e-signing and workflows. The broker estimates that “Nitro can increase its TAM penetration from 0.15% to 1.4% by FY40 implying 9x uplift to Nitro’s current revenue base.”

Goldman has a buy rating and $2.60 price target on its shares.

The post 3 ASX shares analysts believe have enormous growth potential appeared first on The Motley Fool Australia.

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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. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended Lovisa Holdings Ltd, MEGAPORT FPO, and Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In late trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 7,573.4 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

AGL Energy Limited (ASX: AGL)

The AGL share price is down 3% to $8.53. This morning the energy giant revealed a fault has occurred at the Loy Yang A power station in Victoria. This is a coal-fired power station responsible for supplying around 30% of the south-eastern state’s electricity. AGL is uncertain of how long the generator may be out of action but warned it could be until August.

Hub24 Ltd (ASX: HUB)

The Hub24 share price is down almost 7% to $24.20. This morning a number of brokers responded to the investment platform provider’s latest quarterly update. And while most brokers continue to rate Hub24’s shares as a buy, they have trimmed their price targets following the update. Furthermore, much softer than expected adviser additions surprised a number of brokers.

Rio Tinto Limited (ASX: RIO)

The Rio Tinto share price is down almost 2.5% to $118.81. This follows the release of the mining giant’s first quarter update. Rio Tinto reported production declines across the majority of its operations. And while management is confident that things will improve and has reiterated its full year production and cost guidance, it appears that some investors aren’t overly convinced.

Zip Co Ltd (ASX: Z1P)

The Zip share price just can’t catch a break and is down a further 3% to a multi-year low of $1.21. This is despite there being no news out of the buy now pay later provider. The Zip share price is now down by a whopping 72% since the start of the year.

The post Why AGL, Hub24, Rio Tinto, and Zip shares are dropping appeared first on The Motley Fool Australia.

More reading

• What are the 10 biggest ASX shares in the lithium space
• Faults and financials: Why is the AGL share price getting zapped 6% today?
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• Rio Tinto share price falls on weak Q1 update

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. owns and has recommended Hub24 Ltd and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Insurance Australia Group Ltd (ASX: IAG) share price appeared to be recovering in February, rising from $4.24 at market close on 31 January to $4.92 by the end of the day on 23 February — an impressive 16% gain.

But as has occurred many times since the coronavirus crash, the trajectory of this ASX financials share suddenly changed gears. The IAG share price has since tumbled by just over 10%, trading at $4.43 at the time of writing. By comparison, the S&P/ASX 200 Financials Index (ASX: XFJ) has gained 5.42% over the same period.

So, what’s up with IAG shares?

Well, the IAG share price just can’t seem to get beyond $5.50 these days. It has been rangebound since mid-2020 when it dropped below $5.50 during the coronavirus slide. Since then, IAG shares have risen and fallen between the low $4 range — the lowest being $4.17 on 9 March this year — and back up close to $5.50 on several occasions. Just when it’s looking like a sustained recovery, as it did in early February, the IAG share price reverses course. For shareholders, it’s been a bit like circling the runway — for almost two years — hoping for a break in the clouds.

What’s news lately with IAG?

Well, as we reported at the time, IAG had a largely disappointing half-year result in February. This was despite announcing an earnings upgrade for FY22.

And you know all that rain and flooding we’ve been having on the east coast? Well, that sort of thing is generally never good for insurance shares. In a recent update, IAG said it had received more than 24,000 claims across southeast Queensland and New South Wales, and this was expected to increase.

But as my Fool colleague Aaron reported last week, IAG reassured investors that it has extensive reinsurance protection in place.

Current estimates of the net claims cost from the storm and flooding event were projected to be approximately $74 million. Pleasingly, this is lower than the $95 million forecast disclosed in early March due to development on previous claims. As such, IAG has utilised roughly $95 million of the $236 million of aggregate cover following the weather-related event.

Is the IAG share price a buy?

As my Fool colleague Zach reported recently, analyst sentiment on IAG is actually fairly positive.

JP Morgan rates IAG a buy with a share price target of — you guessed it — $5.50. In a recent note, the broker said:

IAG has a strong position in the Australian and NZ personal lines market, but has suffered in recent times from concerns around COVID-19 Business Interruption losses and concerns on market share losses in personal line.

Short- to medium-term margin pressures have proved challenging for IAG, including higher reinsurance costs, lower yields, higher natural perils and reducing reserve releases.

Our PT [price target] is $5.50… We maintain an element of caution in setting our price target, reflecting uncertainty as to how personal lines insurers may trade coming as economies emerge from COVID-19 induced lockdowns, and mobility increases.

The post The IAG share price has lost 10% since February. Is it an opportunity? appeared first on The Motley Fool Australia.

More reading

• How did the IAG share price compare to its sector in the March quarter?
• How did the IAG share price stack up in the March quarter?
• The IAG share price has dumped 5% in 2 weeks. What’s happening?
• Why did the IAG share price underperform the ASX 200 by 11% in March?
• Owns IAG (ASX:IAG) shares? Here’s your outlook for April

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 owns and has recommended Insurance Australia Group Limited. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back most of its intraday gains and is fighting to stay in positive territory. At the time of writing, the benchmark index is up 0.1% to 7,572.6 points.

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

Alliance Aviation Services Ltd (ASX: AQZ)

The Alliance Aviation share price is up 3% to $3.87. This follows the announcement of a further material increase in E190 flying activities pursuant to its agreement with Qantas Airways Limited (ASX QAN). The airline giant has exercised four more leasing options, bringing the total to 18 aircraft. Qantas is leasing these aircraft and crew on three-year terms from Alliance.

Life360 Inc (ASX: 360)

The Life360 share price is up 3% to $5.54. This morning Bell Potter retained its buy rating and $10.00 price target on this location technology company’s shares. Ahead of its first quarter update, the broker said: “We expect another quarter of at least 50% y-o-y growth in AMR despite Q1 traditionally not being a strong quarter.”

Ramsay Health Care Limited (ASX: RHC)

The Ramsay Health Care share price has jumped 24% to $80.02. This follows the receipt of a takeover approach. According to the release, a consortium led by KKR has tabled a non-binding $88 cash per share offer to acquire the private hospital operator. This will be reduced by any dividends paid. Ramsay has granted the consortium due diligence access.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3% to $4.80. Investors have been buying this coal miner’s shares after it released its quarterly update. For the third quarter, Whitehaven Coal reported a record average coal price of $315 per tonne. This is up from $101 in the prior corresponding period and $204 during the first half of FY 2022.

The post Why Alliance Aviation, Life360, Ramsay Health Care, and Whitehaven Coal are racing higher appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Ramsay rockets and Rio Tinto disappoints
• Coal hard cash: Here’s why the Whitehaven share price just hit a multi-year high
• Ramsay Health Care share price rockets 28% higher on takeover bid
• These 2 blue-chip ASX shares are opportunities: expert
• Ramsay Health Care share price on watch amid $14.8bn takeover offer

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alliance Aviation Services Ltd. and Life360, Inc. The Motley Fool Australia owns and has recommended Alliance Aviation Services Ltd. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Pilbara Minerals Ltd (ASX: PLS) share price has surged more than 100% in a year, but some brokers predict it could go higher.

The lithium miner’s share price has rocketed 118% between market close on 20 April 2021 and 20 April 2022. However, in today’s trade, Pilbara shares have slipped 2.75% and are currently trading at $2.83.

Let’s take a look at the outlook for Pilbara Minerals.

Outperform rating

Macquarie has retained an outperform rating on the company’s shares with a price target of $4. This is 41% more than the current share price.

The broker is optimistic about Pilbara due to high lithium prices and the company’s production targets. Lithium is a critical component of batteries for electric vehicles (EV).

However, the price target of $4 is slightly less than Macquarie’s recent prediction of $4.30. Macquarie dropped its price target following Pilbara Minerals’ quarterly update falling below expectations.

The company mines lithium from the Pilgangoora Lithium Tantalum Project in Western Australia.

Shipments for the March quarter finished at 58,383 dry metric tonnes (dmt) after a port delay. A 20,000 dmt cargo scheduled for late March instead left Port Hedland on 7 April.

Meanwhile, Citi analysts have upgraded the Pilbara Minerals share price to a “buy” with a $3.60 price target. This equates to a 27% upside on the share price at the time of writing. Citi is optimistic lithium prices could go higher. The broker believes it could take two years for the lithium market to balance, as my Foolish colleague James reported.

Pilbara Minerals price snapshot

The Pilbara Minerals share price has gained 118% in the past 12 months but lost 11% year to date. In the past week, the company’s shares have dropped about 2%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has returned around 8% over the past year.

Pilbara has a market capitalisation of about $8.4 billion based on the current share price.

The post Macquarie is tipping another 40% upside for the Pilbara Minerals share price. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• What are the 10 biggest ASX shares in the lithium space
• Top brokers name 3 ASX shares to buy next week
• These were the worst performing ASX 200 shares last week
• Brokers name 3 ASX shares to buy today

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 Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is giving investors a mid-week boost so far this Wednesday, and is powering towards the all-time high of 7,632.8 points that we saw in August last year. At the time of writing, the ASX 200 has gained another 0.21% at just under 7,600 points.

So let’s dig deeper into these gains and check out the ASX 200 shares currently topping the share market’s volume charts, according to investing.com.

The 3 most-traded ASX 200 shares by volume this Wednesday

Telstra Corporation Ltd (ASX: TLS)

Telco Telstra is our first ASX 200 share off the rank today. This famous telecommunications company has had a sizeable 12.57 million of its shares traded on the markets so far. There has been no major news or announcements out of Telstra today. Nor have the company’s shares produced much movement. The Telstra share price is flat at $4.03 at the time of writing.

In saying that, the telco did go as high as $4.06 a share earlier today. Perhaps it is this share price fluctuation, together with the company’s ongoing share buyback program, that is responsible for the high volume we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

From TLS to PLS! ASX 200 lithium producer Pilbara Minerals is next up today. As it stands, a notable 13.79 million Pilbara shares have already swapped hands this Wednesday. There has been no official news out of Pilbara today either. However, this lithium stock has had a rather nasty share price fall over today’s trading. The company is currently at $2.84 a share, down by 2.41%. This is probably the cause of these elevated share volumes.

AVZ Minerals Ltd (ASX: AVZ)

Another ASX 200 lithium stock in AVZ Minerals rounds out our list today. AVZ has watched as 15.26 million of its shares have found a new home thus far. Again, there is no obvious smoking gun here.

Not only is there no major news or announcements out of AVZ, but the AVZ share price is running fairly flat so far this Wednesday. At the time of writing, it is sitting at $1.19, exactly flat on where it closed at yesterday. We have seen this company go as high as $1.22 a share and as low as $1.18 over today’s trading, so maybe this bouncing around is behind the volume we are witnessing.

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

More reading

• What are the 10 biggest ASX shares in the lithium space
• ASX 200 midday update: Ramsay rockets and Rio Tinto disappoints
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX shares today
• ASX 200 midday update: AMP asset sale talks, Syrah rockets

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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