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

Gold and lithium are driving ASX 200 trading volumes this Tuesday.

Sebastian Bowen

Author Bio Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Areas of Expertise Dividend investing ETFs Education Bachelor of Political, Economic, and Social Sciences (Government and International Relations), University of Sydney Social Media X/Twitter Favorite Investment Quote "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." – Benjamin Graham

Published November 29, 2022 3:22 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) seems to be on the road to recovery so far this Tuesday after a dismal start to the trading week yesterday. At the time of writing, the ASX 200 has gained an additional 0.22%, lifting the index down to just under 7,250 points.

But let's dig deeper into these share market gains by taking stock of the shares currently topping the ASX 200's share trading volume charts, according to investing.com.

An office worker and his desk covered in yellow post-it notes — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Tuesday

Evolution Mining Ltd (ASX: EVN)

Our first cab off the rank today is an ASX 200 gold mining share. Evolution has had a chunky 15.27 million of its shares trade hands on the stock market so far this Tuesday. We haven't had any meaningful news or announcements out of Evolution today.

But the gold miner has had a rough time of it share price wise. At present, Evolution shares are down by 0.56% at $2.66 each. But this morning saw the company descend as low as $3.55, a loss of around 4%. This comes after some falls in the gold price itself overnight. It's probably this drop this morning (and partial recovery) that is behind the volumes we see.

Core Lithium Ltd (ASX: CXO)

Next up today is the ASX 200 lithium share Core Lithium. This session has had a decent 19.89 million Core Lithium shares find a new home thus far. There hasn't been any fresh news out of Core Lithium either. But the Core Lithium share price has certainly had a bumpy rise today, which is the likely cause of these high volumes.

Core Lithium shares opened in the red this morning at $1.26 each after closing at $1.29 yesterday. But investors have flooded back in over today's session, with the company now up a healthy 1.32% at $1.31 a share.

Pilbara Minerals Ltd (ASX: PLS)

Finally this Tuesday we have another ASX 200 lithium share in Pilbara Minerals. So far today, a large 23.49 million Pilbara shares have made their way across the ASX boards. It seems like there is a similar situation to Core Lithium happening here. We've also seen some big volatility in the Pilbara share price.

But this involved Pilbara spiking to $4.62 a share this morning before returning to a lower price. At present, the lithium producer is going for $4.46 a share, up by 1.02%. All of this bouncing around is the likely cause of the elevated trading volumes on display here.

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