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In high inflation and economically uncertain times, ASX mining shares continue to hold their own.

However, after more than a year of outperformance, all the usual names are already pretty popular.

To get you thinking outside the square, here are two mining-related stocks with smaller market capitalisations that Argonaut associate dealer Harrison Massey rates as buys:

‘A big pipeline of work’

GR Engineering Services Ltd (ASX: GNG) is not a resources producer itself but provides construction and procurement subcontractor services to mining clients.

And it’s handing out a mouthwatering 9.64% dividend yield that’s 100% franked.

Massey told The Bull he would buy the stock now.

“The engineering services company has entered into a binding term sheet with a subsidiary of Hastings Technology Metals Ltd (ASX: HAS) involving the construction of a plant and associated infrastructure for the Yangibana Rare Earths project worth $210 million.”

He added that the outlook for GR Engineering was looking positive.

“The company continues to build a big pipeline of future work. The company’s fully franked dividend yield is also appealing.”

The GR Engineering share price is the same as 12 months ago.

According to CMC Markets, Euroz Securities also agrees with Massey that the stock is a strong buy.

22-bagger? Yes, please

Meteoric Resources NL (ASX: MEI) is an exploration company, for those investors comfortable with that phase.

According to Massey, the company has much potential.

“Meteoric recently announced a global mineral resource estimate of 409 million tonnes of rare earths at 2626 parts per million at its Caldeira project,” he said.

“The company has planned a further 100,000 metres of air core and diamond drilling to target high-grade areas within the current resource model.”

On top of this, Meteoric Resources is currently “acquiring further licences surrounding the deposit”. 

“Meteoric Resources is well capitalised, with $25 million in the bank.”

Believe it or not, Meteoric shares have lived up to its name by multiplying 22 times over the past 12 months.

Most of that rise has come since December, when information about the Caldeira site came to light.

The post 10% yield! 2 ASX shares to get rich from a mining boom appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX rare earths share has exploded 1300% in a year?
• Why Macquarie, Meteoric Resources, Pointsbet, and Syrah shares are falling
• Explosive growth! 2 ASX mining shares rocketing around 1,000% in a year

Motley Fool contributor Tony Yoo 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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While business fundamentals are important, momentum also has a role when investing in ASX shares.

Yes, the share price theoretically should reflect how well the company is going. But it’s also a reflection of how popular the stock is.

The underlying business could be super profitable with customers lining up, but if investors flee then the stock price will head down.

So let’s take a look at two S&P/ASX 200 Index (ASX: XJO) shares that have gone gangbusters so far this year, which one expert reckons has more to come:

‘Long and bullish’

Despite rising interest rates dampening the housing market, construction materials provider James Hardie Industries plc (ASX: JHX) has seen its shares rocket 44% year to date.

Shaw and Partners portfolio manager James Gerrish attributed this rise to “a positive interpretation of its results”.

“James Hardie is a manufacturer of fibre cement building products, with operations across North America, Europe and Asia-Pacific,” he said in Market Matters.

“We still see greater than 25% North America EBIT margin as the key upside from the FY23 result.”

Despite the steep run up in its valuation, his team continues to be “long and bullish” for James Hardie shares.

“We note the… chart pattern of a ‘recovery stock’. i.e. As we often say, the markets are like a jigsaw where you need to predict the final picture without all of the pieces,” Gerrish said.

“We are initially targeting ~$40 for JHX but believe surprises are likely to be on the upside.”

James Hardie shares closed Monday at $37.78.

Kicking goals on the other side of the world

Coincidentally, shares for travel agent Corporate Travel Management Ltd (ASX: CTD) are also 44% higher than where they started 2023.

According to Gerrish, the main driver of this was a massive contract win in the United Kingdom.

“[The deal] highlighted the strength of the UK business plus the way Corporate Travel is regarded by the UK government,” he said.

“We estimate a potential upside of 10% to 13% from the contract which has been reflected by the share price.”

Perhaps this one is a bit closer to its peak than James Hardie, which makes Gerrish’s team wait for $2 to $3 pullbacks before buying.

Regardless, he said the stock is “looking well positioned through 2023”.

“The company differentiates itself from competitors through its superior technology offering and its return on investment focus, which aims to reduce clients’ overall travel spend.”

The post Up 44% this year: 2 ASX 200 ‘recovery’ shares starting to rocket appeared first on The Motley Fool Australia.

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More reading

• Go ‘long and bullish’ on this ASX share that just rocketed 8%
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today
• 3 ASX 300 shares just upgraded by top brokers
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tony Yoo has positions in Corporate Travel Management. 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 Corporate Travel Management. 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 7,263.3 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to edge higher

The Australian share market looks set to edge higher this morning following a reasonably positive start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 6 points or 0.1% higher. In the United States, the Dow Jones was down 0.4%, but the S&P 500 was up slightly and the NASDAQ rose 0.5%.

Oil prices higher

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a good session after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.35% to US$71.81 a barrel and the Brent crude oil price is up 0.55% to US$75.99 a barrel. Oil prices rose on news of lower supplies from Canada and OPEC+ producers.

TechnologyOne half-year results

The TechnologyOne Ltd (ASX: TNE) share price will be in focus today when the enterprise software company releases its half-year results. According to a note out of Bell Potter, its analysts are expecting a 14% increase in revenue to $196.6 million and a 17% jump in profit before tax to $49.9 million. Keep an eye on the company’s guidance. Bell Potter suspects that a medium term guidance upgrade could be coming in the near future.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price fell overnight. According to CNBC, the spot gold price is down 0.4% to US$1,974.3 an ounce. Hawkish comments out of the US Fed put pressure on the gold price.

Capricorn Metals upgraded to buy rating

Another ASX 200 gold share that will be in focus is Capricorn Metals Ltd (ASX: CMM). This morning, analysts at Bell Potter have upgraded its shares to a buy rating with a $4.90 price target. The broker said: “CMM is a sector leading gold producer with strong balance sheet and a management team that has an excellent track record of operational delivery. Its costs are among the lowest in the sector and consistently generates strong cash margins.”

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Analysts say these ASX 200 growth shares are top buys right now
• Guess which ASX 200 director has been stocking up on company shares before they trade ex-dividend tomorrow
• 5 things to watch on the ASX 200 on Monday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. 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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It’s little wonder why so many Aussies are fans of Core Lithium Ltd (ASX: CXO) shares.

The S&P/ASX 200 Index (ASX: XJO) stock has been a true market success story, surging more than 2,000% over the last five years. During that time, it hit a minuscule low of around 2 cents and an eye-popping high of $1.87. Core Lithium shares were trading at $1.08 at the close on Monday.

But is the party over for the newly turned lithium producer, or has it only just started?

We posed this question to two of our team, each with opposing views on the future of the lithium favourite. Keep reading to uncover the duo’s bull and bear cases for Core Lithium shares.

A great ASX 200 option to ride the resurgent lithium boom

By Bernd Struben: Core Lithium shares look particularly well-positioned to ride the resurgent lithium boom.

From a charting perspective, the technicals for the stock look good, with a series of higher highs and higher lows since 23 March. That’s seen CXO gain 42.37% in just two months. And while you should expect plenty of volatility, I believe there are more outsized gains to come.

Core Lithium attracted a lot of short-sellers after lithium prices began to nosedive in November, dropping more than 70% before bottoming in April. But the price of the battery-critical metal has since leapt 20% as electric vehicle (EV) sales once again pick up pace in China. And last year’s oversupply of batteries is fast turning into an undersupply.

As for the broader outlook for EVs, this chart from the International Energy Agency showing the growth through to 2021 speaks 1,000 words.

Source: International Energy Agency

Project ‘well placed’

I think Core Lithium is particularly well placed with its Finniss Lithium Project located close to Port Darwin.

And the timing of the project couldn’t be better.

Finniss achieved first spodumene concentrate production in February. The miner’s maiden 3,500-tonne spodumene concentrate parcel was transported to Darwin in March and early April.

On completion, Finniss will produce an average of 160,000 tonnes of battery-grade lithium concentrate per year over an initial 12-year mine life.

Now, Core Lithium does have a smaller resource than some of its peers. However, on 18 April, it announced the Finniss Mineral Resource had increased by 62%.

Other positives

The miner is also spending up on exploration, announcing a record $25 million drilling program targeting life-of-mine extensions and testing expansion potential.

Core owns a wide range of other projects (lithium and uranium) in the Northern Territory and South Australia, many situated close to major infrastructure. So, I’m not overly concerned with its current lithium resource.

As for the balance sheet, Core looks to be sufficiently funded to see it through to scaled-up production, holding $98 million in cash as at 31 March.

A trio of bearish arguments

By Brooke Cooper: While there are plenty of arguments for buying Core Lithium shares, I have three glaring reasons to avoid the stock. The first is the space the company operates in.

Demand for lithium will likely soar over the coming years amid continued growth in the adoption of electric vehicles and the decarbonisation movement.

However, some experts – looking at you, Goldman Sachs – also forecast supply will grow alongside demand, perhaps even outpacing it.

That means there’s a reasonable risk the battery-making material’s value could stagnate, or even fall, over the long term, taking the earnings of producers with it.

That might be particularly impactful for companies like Core Lithium. It’s still predominantly an explorer and developer.

Its current production is coming from its Finniss Lithium Project’s Grant Pit mine. The mine’s mineral resource estimate dropped 2% last year to 2.91 million tonnes at 1.47% lithium oxide due to mining depletion.

The company is currently looking to develop its BP33 deposit and is forking out $25 million on exploration this year.

Thus, my preferred exposure to lithium is through established and proven lithium producers such as Pilbara Minerals Ltd (ASX: PLS) and Allkem Ltd (ASX: AKE).

Too expensive

That leads to my second point. Core Lithium is considered to be more expensive than many of its peers.

Goldman Sachs rated the stock a sell late last month, noting its valuation sits at 1.4 times its net asset value, compared to an average of around 1.1 times among its peers.

The broker also flagged that Core Lithium is pricing in at around US$1,600 per tonne of spodumene. This compares to an average of US$1,100 a tonne among its peers.

And I’m not alone in my scepticism of Core Lithium shares.

Short impact

The final reason I remain bearish is the company’s whopping short interest.

While short-sellers don’t have a direct impact on a company or its stock, the cynicism they represent can reflect market sentiment, thereby creating a risk of its own.

Take a look at how the short interest in Core Lithium shares has grown over the last six months, according to data from Australian Securities & Investments Commission (ASIC):

The measure peaked at 10.17% in February and again in March. It has since dropped to a still-significant 8.7% at last count – making the stock the market’s fourth most shorted share.

All in all, while I think it’s possible, and even potentially likely, that Core Lithium shares could appreciate from here, I would rather invest my hard-earned cash elsewhere. Perhaps in more established lithium miners.

The post Is it time to be a bull or a bear on Core Lithium shares? appeared first on The Motley Fool Australia.

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More reading

• Core Lithium share price could be a long-term winner as critical metals steal the spotlight at G7 summit
• ASX 200 lithium shares could be winners as Biden calls critical clean energy metals the ‘third pillar of the Australia-US alliance’
• Here are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Monday
• Could another lithium price boom be around the corner? Experts weigh in

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 Australian share market is home to some of the largest mining companies in the world. But which of these ASX 200 mining shares could be top additions to your portfolio?

To narrow things down, let’s take a look at which mining giants Goldman Sachs is currently recommending as buys. Here’s what the broker is saying:

Rio Tinto Ltd (ASX: RIO)

Goldman Sachs believes that Rio Tinto is an ASX 200 mining giant to buy.

It is of course one of the world’s largest miners with a diverse portfolio spanning multiple commodities such as aluminium, copper, iron ore, and lithium.

Goldman Sachs reckons Rio Tinto is a buy because of its attractive valuation, strong free cash flow generation, and production growth outlook. It explains:

We are Buy rated (on CL) on RIO due to: (1) compelling relative valuation vs. peers, (2) Strong FCF and dividend yield with our bullish view on iron ore, aluminium and copper prices, (3) Strong production growth in 2023 & 2024, (4) Pilbara turnaround (~50% of group NAV), (5) Compelling high margin low emission aluminium exposure.

Goldman has a buy rating and $136.20 price target on its shares.

South32 Ltd (ASX: S32)

Another ASX 200 mining giant that Goldman Sachs is bullish on is South32.

It is a diversified mining and metals company producing alumina, aluminium, bauxite, energy and metallurgical coal, manganese, nickel, silver, lead and zinc.

Goldman Sachs is a fan of the company and has a buy rating and $4.90 price target on its shares. It believes its shares are also attractively priced, particularly given the huge dividend yields that could be coming in the near term.

Its analysts commented:

We upgrade S32 to Buy (from Neutral) on attractive valuation: Trading at ~0.95xNAV (A$4.6/sh) and on an implied TSR of ~29%, and an attractive NTM EV/EBITDA multiple of ~2.1x vs. the sector average of 4.5x. We assume the share buyback continues (at ~US$250mn p.a) and S32 pays out 50% of earnings (40% ordinary, 10% special dividend component) with the FY23 full year result. On our estimates, S32 is on a supportive dividend yield of c. 5% in FY23, increasing to 14% in FY24.

The post Goldman Sachs says these ASX 200 mining giants are buys appeared first on The Motley Fool Australia.

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More reading

• Don’t miss out on these high yield ASX dividend shares: analysts
• Looking to buy an ASX 200 mining stock? Here are 3 reasons to consider South32 shares
• Experts say these 2 ASX 200 dividend stocks are buys for passive income
• What’s going on with Rio Tinto shares and lithium?
• Bought $5,000 worth of Rio Tinto shares last February? Guess how much passive income you’ve already grabbed?

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 S&P/ASX 200 Index (ASX: XJO) started the week out on the wrong foot, falling 0.22% to close at 7,263.3 points.

It followed a similar slump on Wall Street on Friday. Major New York-based indices slipped between 0.1% and 0.3% amid news negations on boosting or removing the United States’ debt ceiling stalled, as Reuters reports.

The S&P/ASX 200 Real Estate Index (ASX: XRE) and the S&P/ASX 200 Financials Index (ASX: XFJ) were among today’s worst-performing sectors, falling 0.7% and 0.6% respectively.

But not all was bad on the bourse. The S&P/ASX 200 Energy Index (ASX: XEJ) gained 1% while the S&P/ASX Information Technology Index (ASX: XIJ) jumped 1.5%.

So, with all that in mind, let’s take a look at the top-performing ASX 200 shares today.

Top 10 ASX 200 shares countdown

The biggest gain on the index today was posted by BrainChip Holdings Ltd (ASX: BRN).

The ASX 200 stock rose 8.5% to close Monday’s session at 51 cents, despite no news having been released by the AI technology company.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
BrainChip Holdings Ltd (ASX: BRN)	$0.51	8.51%
Kelsian Group Ltd (ASX: KLS)	$6.79	3.35%
Nanosonic Ltd (ASX: NAN)	$5.40	2.86%
WiseTech Global Ltd (ASX: WTC)	$73.01	2.54%
Sims Ltd (ASX: SGM)	$14.91	2.33%
Sayona Mining Ltd (ASX: SYA)	$0.235	2.17%
Santos Ltd (ASX: STO)	$7.38	1.93%
NIB Holdings Limited (ASX: NHF)	$8.29	1.59%
Beach Energy Ltd (ASX: BPT)	$1.395	1.45%
Xero Limited (ASX: XRO)	$109.50	1.39%

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

• Here are the 3 most heavily traded ASX 200 shares on Monday
• ASX 200 energy shares charging higher as G7 nations stress ‘important role’ of gas
• Guess which ASX 200 director has been stocking up on company shares before they trade ex-dividend tomorrow
• Medibank or NIB shares? Only one is a buy according to Goldman Sachs
• Leading brokers name 3 ASX shares to buy today

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 Nanosonics, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Nanosonics, WiseTech Global, and Xero. The Motley Fool Australia has recommended NIB Holdings. 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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It’s never a good sign when short-seller interest in an ASX share is on the rise. Yet this is the situation that is confronting those who own ASX 200 lithium stock Lake Resources N.L. (ASX: LKE) this week.

Each week, my Fool colleague James takes stock of the most shorted shares on the ASX. Last week, Lake shares made the cut of the top ten, with 8% of the company’s shares being held in a short position. But on today’s list, we revealed that this short interest had risen by a significant 0.7% to 8.7%.

Short selling is a practice that enables an investor (usually a professional or institutional investor) to profit from a share’s falling value. The process works by allowing an investor who owns shares to ‘loan’ the shares out to another investor (the shorter) with a promise of returning them at a later, agreed-upon date.

The shorter then immediately sells the shares and buys them back at the agreed date. If the shares have fallen in value over that time, the shorter makes a profit.

So the fact that Lake Resources is one of ASX’s top ten most-shorted shares tells us that a lot of money is being wagered that the Lake share price will fall substantially going forward.

But why the big surge in short-seller interest over the past week?

Why are short sellers betting against Lake Resources shares?

Well, that’s hard to answer. There haven’t been any news or announcements out of Lake Resources itself, such as an earnings report or trading update, that might explain this surge in pessimism.

There are a few possible causes we can point to, however. The first is the news that a major international lithium company has just posted an unexpectedly soft earnings report. As my Fool colleague James revealed this morning, Sociedad Quimica y Minera de Chile (NYSE: SQM) released a quarterly update last Friday. This revealed softer profits thanks to a hit in demand resulting from high stockpiles across the battery supply chain.

Perhaps some investors anticipated this, and upped their short positions in Lake Resources shares accordingly.

The other factor is Lake’s share price. Lake Resources shares have had a tough year, remaining down more than 20% as of today’s pricing. However, the company is also up an impressive 45% since late April, when the company was asking just 42 cents a share:

Runs of that size over just a few weeks tend to raise eyebrows. So perhaps investors are betting that Lake shares will come back to earth over the next few weeks and months, and deliver some hefty profits for shorters in the process.

Whatever the reason for Lake’s high short-seller interest, it is certainly worth taking note of for any current shareholders.

At the current Lake Resources share price, this ASX 200 lithium stock has a market capitalisation of approximately $860 million.

The post Why is short interest in Lake Resources shares soaring? appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Are ASX 200 lithium shares approaching a ‘tipping point’ for ripper revenues?
• Here are the 3 most heavily traded ASX 200 shares on Monday

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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The good news for income investors is that there are plenty of dividend stocks to choose from on the ASX.

But if you’re struggling to decide which ones to buy over others, don’t worry. That’s because listed below are a couple of ASX dividend stocks that come highly recommended by experts. Here’s why they are tipping them as buys:

Charter Hall Retail REIT (ASX: CQR)

The first ASX dividend stocks that could be a buy is the Charter Hall Retail REIT. It invests in high quality Australian supermarket anchored convenience and convenience-plus shopping centres.

The team Citi is positive on the company and has a buy rating and $4.50 price target on its shares.

The broker likes the Charter Hall Retail REIT due to its “defensive net property income growth despite rising interest rate profile.” It also expects the company to be able to pass through higher inflation to tenants.

All in all, Citi is expecting this to allow the company to pay dividends of 26 cents per share in both FY 2023 and FY 2024. Based on the current Charter Hall Retail share price of $3.74, this will mean 6.95% dividend yields for investors.

Premier Investments Limited (ASX: PMV)

Another ASX dividend stock that has been named as a buy is Premier Investments. It is the retail group behind popular brands including Peter Alexander and Smiggle.

Macquarie is very positive on the company and has an outperform rating and $30.50 price target on its shares.

The broker was pleased with Premier Investments’ recent recent half-year results, noting that they came in ahead of expectations. Overall, it feels the result supports its analysts’ preference for the stock over other Australian retailers.

Looking ahead, the broker is forecasting fully franked dividends per share of $1.24 in FY 2023 and then 97 cents in FY 2024. Based on the latest Premier Investments share price of $24.60, this will mean yields of 5% and 3.95%, respectively, for income investors.

The post Experts are tipping these ASX dividend stocks as buys 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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments. 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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It’s been a rather rough start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday.

After initially tipping into positive territory soon after market open this morning, the ASX 200 has spent most of the trading day descending into red ink. At the time of writing, the index is currently down by a chunky 0.14% at just under 7,270 points.

Let’s hope this session isn’t setting the tone for the week. But let’s now delve deeper into these market losses by checking out the ASX 200 shares that are topping the share market’s trading volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

First up today is the ASX 200 lithium share Pilbara Minerals. This Monday has had a decent 15.7 million Pilbara shares swapped on the ASX so far. There hasn’t been any fresh news or announcements out of Pilbara itself that might explain this volume.

However, as my Fool colleague James predicted this morning, ASX lithium shares are having a very rough day indeed. In Pilbara’s case, we’ve seen this company lose a notable 3.01% so far today, pulling Pilbara down to $4.84 a share. This comes after a major US lithium stock revealed some softer-than-expected profits late last week. It’s this steep selloff that probably explains this high volume we are seeing.

Tyro Payments Ltd (ASX: TYR)

Next up, we have ASX 200 payments share Tyro to check out. A large 15.96 million Tyro shares have been bought and sold on the ASX thus far this session. This is almost certainly a result of the big news we saw from this company this morning.

As we covered at the time, Tyro announced that suitor Potentia Capital management has walked away from four months of takeover talks. In response, the Tyro share price has cratered by a painful 15.6% at present, pulling the company down to $1.295 a share. No wonder we are seeing so many shares flying around today.

Sayona Mining Ltd (ASX: SYA)

Another ASX 200 lithium stock rounds out our list today in Sayona Mining. This Monday has had a hefty 26.94 million Sayona shares traded on the ASX so far.

After falling substantially this morning by more than 4%, Sayona has staged a remarkable recovery, regaining ground throughout the day to end up at the 1.09% gain to 23.3 cents a share we see at present. This extreme volatility looks like it is responsible for all of that elevated trading volume on display here.

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

• Guess which ASX 200 director has been stocking up on company shares before they trade ex-dividend tomorrow
• Monday blues: 3 ASX All Ordinaries shares crashing 10% or more today
• Why Galan Lithium, Metcash, Tyro, and Zip shares are falling today
• ASX 200 lithium shares could be winners as Biden calls critical clean energy metals the ‘third pillar of the Australia-US alliance’
• Tyro share price plummets 18% as suitor abandons takeover talks

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 Tyro Payments. The Motley Fool Australia has recommended Tyro 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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S&P/ASX 200 Index (ASX: XJO) energy shares are trouncing the benchmark today.

In late afternoon trade, the ASX 200 is down 0.17%.

But a strong performance from the top ASX energy stocks has helped send the S&P/ASX 200 Energy Index (ASX: XEJ) up 1.21% at this same time.

As for the leading ASX 200 oil and gas stocks, the Woodside Energy Group Ltd (ASX: WDS) share price is up 1.37% today.

The Santos Ltd (ASX: STO) share price is enjoying an even stronger run, up 2.14%.

The outperformance today comes despite a slight retrace in the crude oil price over the weekend.

So what’s piquing ASX 200 investor interest?

All eyes on the seven rich nations

I suspect it has to do with the G7 meeting, held in Hiroshima, Japan on Saturday.

Global energy security topped the list of discussions, with Europe still working to extricate itself from Russian gas exports.

In a move that was jeered by climate activists but will be welcomed by investors in ASX 200 energy shares, the group came out in support of increasing the global supply of liquefied natural gas (LNG).

According to a G7 statement, quoted by Reuters, increasing LNG deliveries is “necessary to accelerate the phase-out of our dependency on Russian energy”.

The G7 nations stated:

We stress the important role that increased deliveries of LNG can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis…

In the exceptional circumstance of accelerating the phase out of our dependency on Russian energy, publicly supported investment in the gas sector can be appropriate as a temporary response.

Though publicly supported funding for new gas projects was labelled “temporary”, that’s a far cry from the 100% renewable push most G7 officials had been touting prior to Russia’s invasion of Ukraine.

Germany went a step further in throwing up some potential tailwinds for the big energy shares.

Reuters cited a German government official as saying, “We also need some new gas power station[s], but they should be built in a way that they can run on green hydrogen later on as well.”

How have these ASX 200 energy shares been performing?

The two ASX 200 energy shares have delivered markedly different returns to shareholders over the past 12 months.

Over the full year, the Santos share price is down 10% while Woodside shares are up 20%.

The post ASX 200 energy shares charging higher as G7 nations stress ‘important role’ of gas appeared first on The Motley Fool Australia.

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More reading

• Woodside share price lifts as Germany flags need for ‘new gas power stations’
• 5 things to watch on the ASX 200 on Monday
• Are Woodside shares the greatest dividend buy of the ASX 200?
• How I’d invest $20,000 today for a $3,370 passive income
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Bernd Struben 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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