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

ASX 200 lithium shares are getting crushed this Tuesday.

| More on:
Three tourists jump high with big smiles in the village square.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a shaly and indecisive day for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After rallying this morning, the ASX 200 has slipped back into negative territory over the afternoon. 

At present, the index is sitting on a loss of 0.2% for the session thus far, putting it at just under 7,470 points.

But rather than letting all of that get us down, it's time to check out the shares that are presently at the top of the ASX 200's share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today, we have a familiar face for this list in ASX 200 lithium leader Pilbara Minerals. This Tuesday has seen a notable 15.48 million Pilbara shares change hands as it currently stands. There's been no recent news out of Pilbara.

As such, we can probably put this high volume down to the share price movements of the company itself. So far this session, Pilbara shares have copped a pretty severe beating, with the company down a nasty 4.2% to $4.80 a share right now. Such a big drop is always going to result in a lot of shares flying around.

Core Lithium Ltd (ASX: CXO)

Next up we have Pilbara's fellow ASX 200 lithium share Core Lithium. Today has had a hefty 20.47 million Core shares find a new home at this point of the day. Again, with no fresh news out of Core, it seems we have a share price movement to blame for this elevated volume.

Unfortunately for Core investors, this lithium stock has been hit even harder than Pilbara today. It's currently nursing a 6.91% loss down to $1.14 a share. This is almost certainly the root cause of the high volumes we are seeing.

Sayona Mining Ltd (ASX: SYA)

Our final ASX 200 share worth a look at this Tuesday is yet another lithium stock in Sayona Mining. A massive 64.2 million Sayona shares have been swapped by investors so far today.

We have had some news out of Sayona today, with the company revealing this morning that it has held a successful trial run in reopening its North American Lithium operation in Canada, with 400 tonnes of ore successfully processed.

But this news hasn't stayed in investors' hands, with Sayona copping one of the worst falls on the markets today. The lithium share is currently down by a depressing 10.17% at present to 36 cents a share. No wonder so many shares are zooming around the markets.

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 Share Market News

A man cheers after winning computer game while woman sitting next to him looks upset.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy end to the trading week today.

Read more »

Three business people stand on platforms in the desert and look out through telescopes.
Best Shares

1 ASX dividend share set to excel long term, even while down 13%

Good quality shares don't often sell off at this margin.

Read more »

Two people comparing and analysing material.
Broker Notes

Buy, hold, sell: Netwealth, Santos, and South32 shares

Morgans has given its verdict on these shares following updates.

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
Share Gainers

Why Life360, Northern Star, Objective Corp, and Rox shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman sits on sofa pondering a question.
Share Market News

Insignia Financial responds to ASX on disclosure and governance

Insignia Financial updates shareholders on ASX compliance and new governance controls around performance rights disclosure.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Capstone Copper, Dateline, DroneShield, and Lindian shares are falling today

These shares are ending the week in the red. But why?

Read more »

Business man at desk looking out window with his arms behind his head at a view of the city and stock trends overlay.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

2 people using their iPhones
Share Market News

Life360 posts record Q4 as revenue and EBITDA top guidance

Life360 reported record Q4 user and subscriber growth, with full-year revenue and EBITDA set to exceed guidance.

Read more »