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

ASX 200 lithium shares are getting crushed 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 January 31, 2023 3:48 pm AEDT

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.

Three tourists jump high with big smiles in the village square. — Image source: Getty Images

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.

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.