Here are the 3 most heavily traded ASX 200 shares on Friday

An ASX lithium share is dominating trading volumes today…

The S&P/ASX 200 Index (ASX: XJO) looks like it is on track to end the trading week on a high, building on yesterday's gains. So far this Friday, the ASX 200 has added another 0.4%, putting it back above the 7,160-point mark

But time now to dig deeper into these gains. So let's take a look at the ASX 200 shares currently at the top of the share market's trading volume charts, according to investing.com.

A woman stands on the roof of a city building as papers fly in the sky around her.

Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Friday

Whitehaven Coal Ltd (ASX: WHC)

Our first share up this Friday is the ASX 200 coal miner Whitehaven. So far today, a hefty 21.51 million Whitehaven shares have been dug up and sold. There's been no new news or announcements from the company that could explain this high volume.

However, the Whitehaven share price itself has been rather indecisive today. At present, the ASX coal share is up a healthy 1.96% at $8.32 a share. But we've seen some big rises and falls over the trading day so far.

It's probably this bouncing around that has given Whitehaven the kinds of volume figures we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Next up is the ASX 200 lithium giant Pilbara Minerals. This Friday has had a sizeable 23.4 million Pilbara shares trade hands as it currently stands. There hasn't been much out of Pilbara today either.

Saying that, the company did hold its annual general meeting yesterday, which caused quite a stir when the company announced that it is looking to pay out its maiden dividend next year.

Investors don't seem too impressed though, with Pilbara losing steam yesterday and shedding 2.2% so far today. It's probably the size of this drop that is eliciting the elevated volumes we are seeing.

Sayona Mining Ltd (ASX: SYA)

Our third, final and most traded ASX 200 share of the day thus far is another lithium stock in the form of Sayona Mining. A whopping 59.33 million Sayona shares have been bought and sold on the share market as of the time of writing.

The Sayona share price has taken a battering today, with the company losing just over 3.5% at present, putting it at 22 cents a share. But the cause of these high volumes probably relates to the dump of new Sayona shares that hit the market this morning.

As my Fool colleague Brooke covered earlier, Sayona has issued 185 million new shares to fund its purchase of exploration claims in Canada's Greenstone Belt. That's more than enough to boost daily trading volumes. 

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.

More on ASX Share Market News

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Broker Notes

Why the Paladin Energy share price "doesn't make sense"

This uranium stock could be set for a major re-rating.

Read more »

Girl with painted hands.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a remarkably positive end to the trading week.

Read more »

Two miners standing together.
Broker Notes

3 ASX 200 mining shares to buy with 41% to 79% upside ahead: broker

The green energy transition and other factors are providing strong growth drivers for mining.

Read more »

Happy miner with his arms folded.
Broker Notes

Buy, hold, sell: Paladin Energy, Fortescue, Rio Tinto shares

Let's take a look at some new ratings from Morgans.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

9 ASX 200 shares experts are backing for growth amid market weakness

Brokers retained a positive view on BHP, CSL, Telstra, Xero, and other shares this week. 

Read more »

One large yellow sphere on one side of a white seesaw, with a small yellow sphere on the other side.
Opinions

I investigated 3 ASX shares that have fallen sharply. Are they bargains or value traps?

I've given my verdict on three depressed high-profile stocks.

Read more »

Medical workers examine an x-ray or scan in a hospital laboratory.
Broker Notes

This ASX biotech could rise 40% or 750%, depending on who you ask

A poor quarter has reduced expectations, but there's still plenty of upside.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Opinions

These are the best 3 ASX growth shares I own and I'd buy more of today

I’m bullish about the earnings potential of these three ASX growth shares.

Read more »