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

Lithium shares are making a splash on the ASX boards this Friday.

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 June 2, 2023 3:32 pm AEST

The S&P/ASX 200 Index (ASX: XJO) is looking like it is set to end the trading week on a high note after what has been a volatile few days. After the big rises and falls we have seen this week, the ASX 200 has lifted by 0.38% so far this Friday, putting the index at around 7,140 points. TGIF!

So let us delve deeper into these pleasing gains by checking out the shares that are at the top of the ASX 200's share trading volume charts right now, according to investing.com.

a group of three people carry a large block to line it up in ascending order with two other blocks nearby. — Image source: Getty Images

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

First up today is the familiar face we know and love as Pilbara Minerals. So far this Friday, a hefty 15.1 million of this ASX 200 lithium stock's shares have been traded on the ASX boards. We haven't seen any fresh news out of Pilbara for a while.

So today's high trading volumes are a likely result of the company's pleasing share price rise that we've seen this session. Presently, Pilbara shares are up a happy 3.57% at $4.50 each, perhaps thanks to a strong showing on Wall Street overnight.

Sayona Mining Ltd (ASX: SYA)

Another ASX 200 lithium share in Sayona Mining is next up for analysis. Today's trading has seen a sizeable 22.17 million Sayona shares swap hands as it currently stands. This looks like it could be a similar situation to that of Pilbara. Sayona's shares aren't quite as enthusiastic as its larger stablemates today.

But the company has still put on a decent 1.11%, lifting it back to 18.2 cents per share. Sayona has had a shaky week ever since the company wrapped up its share placement program. So all of this would be feeding into these volume numbers.

Paladin Energy Ltd (ASX: PDN)

Our third, final and most-traded ASX 200 share today is the uranium share Paladin Energy. A whopping 29.27 million Palaidn shares have been bought and sold on the ASX so far this session. Paladin is another share that has had a dramatic week.

Investors tanked this company by around 20% on Tuesday following the news that the Namibian government was considering partially nationalising its mines (which would affect Paladin). But the shares have been bouncing back with a vengeance over the past few days. The company added 10.9% yesterday and has put on another 9.9% so far today to 67 cents a share. No wonder so many shares are flying around.

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