The S&P/ASX 200 Index (ASX: XJO) is having an interesting start to the trading week this Monday. At the time of writing, the ASX 200 is currently down 0.01% to 7,394 points after hitting a new record high of 7,417.6 points earlier this morning.
So let’s take a look at some of the ASX 200 shares that are being traded the most heavily today:
3 ASX 200 shares flying around the share market today
Lynas Rare Earths Ltd (ASX: LYC)
Rare earth producer Lynas is our first ASX 200 share to check out today. So far this Monday, a substantial 16.03 million shares have changed hands. This is almost certainly the result of the massive movement the Lynas share price has seen today. Lynas shares are currently up a whopping 10.22% to $7.08 a share today, after making a brand new 52-week high of $7.12 a share earlier in the day.
This move upwards was in response to a quarterly report the company put out this morning. This report revealed both bumper revenues and production metrics for Lynas, as well as a surge in cash on hand. Clearly, investors approve.
Silver Lake Resources Limited. (ASX: SLR)
ASX 200 gold miner Silver Lake is our second company to look at today, seeing as a hefty 19.16 million shares have swapped hands so far this Monday. Silver Lake is seeing a similar outcome from an opposite cause to Lynas. Today, Silver Lake shares are down a nasty 7.62% at the time of writing to $1.49 a share.
This appears to be a continuation of the reaction investors had last week to Silver Lake’s quarterly results, which were released on Friday. Not only did this report reveal a slump in gold sales, but the company was also rather pessimistic about its FY2022 guidance. Silver Lake is now down around 15% from where it ended the trading day last Thursday.
Alumina Limited (ASX: AWC)
Our final ASX 200 share today, and the most traded share on the markets, goes to aluminium producer Alumina. The 21.85 million Alumina shares that have traded hands today is probably the result of the Alumina share price itself. So far this Monday, Alumina shares are up an impressive 5.56% to $1.71 a share.
It’s not immediately obvious why this company is jumping so enthusiastically today. However, sentiment seems to be turning with Alumina after an initial dip following its quarterly earnings report on 16 July. Since 20 July, this company is now up more than 11%.