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

We've seen some wild volatility on the ASX today.

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 January 25, 2023 3:25 pm AEDT

The S&P/ASX 200 Index (ASX: XJO) is having a pretty poor showing this Wednesday thus far. After what was mostly a positive morning, the ASX 200 tanked when the latest inflation figures were released just before lunchtime.

The Index has since recovered somewhat from the worst of these falls but remains down by 0.12% at the time of writing at just over 7,480 points.

But rather than worrying about all of that, let's instead take a look at the ASX 200 shares currently topping the share market's 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 Wednesday

Evolution Mining Ltd (ASX: EVN)

The first share worth taking a gander at today is the ASX 200 gold miner Evolution Mining. A sizeable 14.95 million Evolution shares have swapped hands as it currently stands on the markets thus far. This looks like a consequence of the nasty share price fall Evolution has endured this Wednesday.

After a strong opening this morning, Evolution shares have been falling steadily ever since. The miner is currently down by a depressing 5.72% to $3.22 a share, which probably explains the high volumes we are seeing. This could have been caused by some tough love from ASX broker Ord Minnet, who wasn't impressed with the company's latest production figures.

Core Lithium Ltd (ASX: CXO)

Next in line this Wednesday is ASX 200 lithium stock Core Lithium. So far today, a notable 15.24 million Core Lithium shares have made their way to a new owner. There hasn't been much fresh news out surrounding Core Lithium.

So perhaps this elevated volume is a consequence of the share price volatility we have seen with Core Lithium shares this session. The company is currently up by 0.9% at $1.12 a share. But the trading day has seen Core Lithium bounce between $1.08 and $1.14 with stints in both positive and negative territory.

Pilbara Minerals Ltd (ASX: PLS)

Once again, ASX 200 lithium share Pilbara Minerals is our most heavily traded of the day thus far. Right now, Pilbara has seen a hefty 24.91 million of its shares find a new owner on the share market.

This looks like a similar situation to that of Core Lithium. Pilbara shares have been mightly volatile this Wednesday. The company is currently flat at $5.08 a share. But earlier, we saw Pilbara shoot as high as $5.15 and drop as low as $5.02. No wonder so many shares have flown around the markets.

Automatic Renewal

By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service. Don't worry, though – you're not locked in, and can cancel your auto-renewal at any time before each 'anniversary' date without question or penalty.