On Friday, three stocks among ASX 200 shares dominated trading volume. Pilbara Minerals Ltd (ASX: PLS) was the first, with 20.02 million shares changing hands. ASX brokers, including Citi, gave Pilbara shares a buy rating with a price target of $4.60. However, the Pilbara share price dropped by 0.5% to $3.97 a share. Next up was the Mirvac Group (ASX: MGR), a real estate investment trust (REIT) with 21.17 million units traded. Mirvac had a positive day, opening at $2.09 per unit and reaching a high of $2.10, and closing at $2.08, up 0.48% for the day. Finally, Sayona Mining Ltd (ASX: SYA) saw 35.9 million shares traded.
The Sayona share price rose to 22 cents each in the morning, up almost 4%, following the announcement that its North American Lithium project had restarted. However, the share price subsequently dropped by 2.44% to 20 cents apiece, resulting in increased trading volume due to investor volatility.
Overall, it was a mixed day for these three ASX 200 shares. While Mirvac had a positive day, Pilbara’s share price dropped despite receiving a buy rating, and Sayona’s share price was volatile due to investor uncertainty. It will be interesting to see how these three companies perform in the coming days and weeks as investors continue to monitor their progress and announcements.
- Published By Team Australia News