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

Some big gains and losses are driving ASX trading volumes this Friday.

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It's looking like a very happy end to the trading week indeed for the S&P/ASX 200 Index (ASX: XJO) so far this Friday. After rising every single session over the week so far, the ASX 200 is on track to make it five out of five today. At present, the Index has recorded a gain of 0.82%, lifting it back above 7,180 points. 

What a way to start the weekend (touch wood). But time now to turn to the ASX 200 shares that are currently topping the share market's trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

First up we have ASX 200 lithium miner and producer Pilbara Minerals. This Friday has had a hefty 20.02 million Pilbara shares swap hands as it currently stands. We haven't heard anything out of Pilbara either today. However, we have had some love from ASX brokers that could be contributing to this volume.

As my Fool colleague covered this afternoon, ASX broker Citi has given Pilbara shares a buy rating and a price target of $4.60. But investors don't seem inspired and have sent the Pilbara share price down by 0.5% so far to $3.97 a share. Maybe it's this combination that has resulted in so many shares flying around.

Mirvac Group (ASX: MGR)

Next up today is the ASX 200 real estate investment trust (REIT) Mirvac Group. This Friday has seen a sizeable 21.17 million Mirvac units find a new home over the trading day thus far. This is a rather interesting case to look at. There hasn't been much in the way of fresh news or announcements out for a while from this REIT.

So we must conclude that this volume is a result of the unit price movements of the trust itself. Mirvac has had a pretty positive day. The REIT opened at $2.09 per unit after closing at $2.07 yesterday and has gone as high as $2.10 this session. At present, Mirvac is asking $2.08 a unit, up 0.48% for the day so far.

Sayona Mining Ltd (ASX: SYA)

Our third, final and most traded ASX 200 share this Friday is another lithium stock in Sayona Mining. This session has seen a whopping 35.9 million Sayona shares find a new ASX home so far. This is another interesting case.

This morning, Sayona shares rocketed up as high as 22 cents each (up nearly 4%) after the company announced that its North American Lithium project has been restarted.

But investors seem to have gotten a major case of cold feet since, with Sayona shares now down by a nasty 2.44% at 20 cents apiece. This volatility is almost certainly behind this elevated trading volume on display here.

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.

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