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

Lithium is again dominating ASX trading volumes this Tuesday. Here's why.

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 April 18, 2023 3:21 pm AEST

It's been a disappointing day for S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After the pleasing start to the trading week we saw yesterday, the ASX 200 has taken a turn for the worse this Tuesday. At the time of writing, the Index is currently nursing a hefty 0.48% loss. That drags the ASX 200 back below 7,350 points.

But let's not let that get us down. So instead, let's turn to the shares that are making waves on the ASX 200's share trading volume charts right now, 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

Pilbara Minerals Ltd (ASX: PLS)

First up today is a familiar face in ASX 200 lithium stock Pilbara Minerals. So far this session, a sizeable 36.56 million Pilbara shares have changed hands as it currently stands. There hasn't been any news out of Pilbara itself today. But, as my Fool colleague James covered earlier, the company has still been the recipient of some love from an ASX broker.

UBS has upgraded Pilbara to a buy, with a share price target of $4.60. Pilbara shares have surged today, presently enjoying a 4.1% boost to $3.96 each. It's probably a combination of these events that has resulted in so many shares flying around.

Core Lithium Ltd (ASX: CXO)

Next, we have another ASX 200 lithium stock in Core Lithium, with a notable 37.07 million shares finding a new home so far. We have had some big news from Core today that could explain this volume we see. As we covered this morning, Core has just revealed to investors that its flagship Finniss Lithium Operation has had its mineral resource estimate lifted by a pleasing 62% to 30.6 million tonnes of lithium oxide.

Investors appear delighted with this news, judging by the fact that Core shares have gained a whopping 7.24% to 99 cents each.

Sayona Mining Ltd (ASX: SYA)

Third and finally today, let's discuss yet another ASX 200 lithium share in Sayona Mining. This Tuesday has had a chunky 39.12 million Sayona shares bought and sold on the share market thus far. Unlike the other two lithium stocks on this list, Sayona is having a rather awful day.

The Sayona share price is presently down by a nasty 6.05% at 20 cents. There has been no fresh news out of Sayona today, although the company did rocket by 10% yesterday. So maybe the market is doing a bit of 'rubber-banding' here. Either way, this large selloff is probably why Sayona is boasting such elevated trading volumes this session.

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