Australia's leading investment platform provider CommSec has released data on the most traded ASX shares on its platform from last week.
Here's the data:
BPH Energy Ltd (ASX: BPH)
This small cap biotechnology and mineral exploration company was the most traded share on the CommSec platform last week. BPH Energy's shares were responsible for 2.4% of total trades on the platform, with 63% coming from buyers. Those buyers will be pleased to have seen the BPH Energy share price rocket 200% over the five days. Excitement around its Baleen Well drilling appears to have been the catalyst for this.
Zip Co Ltd (ASX: Z1P)
Zip shares were popular with investors again last week. The buy now pay later provider's shares were attributable to 2.2% of trades on the platform. On this occasion, the buying and selling was evenly split. It may be partly for this reason that the Zip share price was largely flat for the week. Which isn't a bad outcome considering the ASX 200's 2.8% weekly decline. A week earlier, the Zip share price jumped 30% following its second quarter update.
Novonix Ltd (ASX: NVX)
This battery materials company's shares were responsible for 2.2% of total trades on CommSec over the five days. And although almost two-thirds of these trades came from buyers, it wasn't enough to stop the Novonix share price from dropping 6.8% last week. Nevertheless, the company's shares are still up over 100% since the start of 2021.
Fortescue Metals Group Limited (ASX: FMG)
CommSec users were buying Fortescue shares in large numbers last week following its second quarter update. The iron ore giant's shares were attributable for 1.8% of total trades, with a massive 80% coming from the buy side. Unfortunately for these buyers, the Fortescue share price shed 10% of its value over the week.
Lake Resources N.L. (ASX: LKE)
Another battery materials company which was popular with investors was lithium-focused Lake Resources. Its shares were responsible for 1.8% of trades on the platform, with 70% coming from buyers. Last week Lake raised $20.6 million via a placement. Investors appear pleased that its flagship Kachi Lithium Brine Project is now fully funded through to the construction phase in 2022. The Lake share price jumped almost 43% over the week.
