PLS, LKE, ZIP: 3 most actively traded ASX shares on Thursday

July 29, 2022 09:09 AM AEST | By Ashish

PLS, LKE, ZIP: 3 most actively traded ASX shares on Thursday — Image source: ©Miflippo | Megapixl.com

Highlights

The Australian share market ended in positive on Thursday.

The ASX 200 index advanced 0.97% or 66.50 points to close at 6,889.70 points.

Pilbara Minerals, Lake Resources and Zip were the three stocks which topped volume charts.

Australian shares ended in the green on Thursday, with the benchmark ASX 200 index advancing 0.97% or 66.50 points to close at 6,889.70 points. The domestic market advanced due to a positive performance by the metals & mining, materials, and gold sectors.

The market mainly gained after the US Federal Reserve indicated that it would now go slow on hiking rates to tame rising inflation. Pilbara Minerals, Lake Resources and Zip were the three stocks which topped volume charts on Thursday.

On this note, here we discuss the three most heavily traded shares by volume on the ASX 200 on Thursday.

Pilbara Minerals Ltd (ASX:PLS)

Pilbara is a lithium and tantalite mining firm. On Thursday, nearly 16 million shares of Pilbara changed hands on the ASX. The share price ended the day at AU$2.73, up 6.23%.

The stock of the Australian miner rose during the day despite no major news coming from the company. Pilbara released its June quarterly activities report on Thursday. But the report was released at 2.56 PM (AEST). So, it may not have a large impact on Pilbara’s impressive performance.

Lake Resources NL (ASX:LKE)

Lake Resources is a clean lithium developer. More than 21 million shares of Lake Resources were traded on the market in terms of volume on Thursday. Shares of Lake Resources closed the day at AU$0.78, up 4.73%.

Lake Resources’ shares were in high demand on Thursday despite the company not releasing any price-sensitive news. On a year-to-date (YTD) basis, the share price of the company is down nearly 29%.

Zip Co Ltd (ASX:ZIP)

Zip is an Australia-based buy-now-pay-later (BNPL) firm. On Thursday, more than 54 million shares of the BNPL company were purchased and sold on the ASX. Shares of Zip closed the day at AU$1.52, up 22.58%. Zip’s shares have risen more than 200% in the past four weeks. On Wednesday, tech-heavy NASDAQ closed 4.1% higher.

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