Lynas Corporation Ltd (ASX:LYC) is the most active stock on the ASX in afternoon trade, with 53 million shares changing hands, with the company's share price off 1.9% to $0.157.
There isn't any specific news out for Lynas over the past few business days, but of interest Mount Kellett Capital Management LP recently advised the company that it is no longer a substantial shareholder.
Perhaps there could be some re-positioning by funds to explain the high volume.
Company · Code · Last · Change · Trades · Volume
Lynas Corporation · LYC · $0.157 · -1.88% · 83 · 53,244,797
Centaurus Metals · CTM · $0.005 · 25% · 57 · 39,983,932
Blina Minerals · BDI · $0.001 · 0% · 12 · 27,933,126
AVZ Minerals · AVZ · $0.145 · 16% · 461 · 24,961,790
Manas Resources · MSR · $0.004 · 0% · 24 · 22,462,814
Magnum Gas & Power · MPE · $0.001 · 0% · 23 · 21,335,000
Pure Minerals · PM1 · $0.031 · 6.90% · 112 · 19,494,321
Australian Vanadium · AVL · $0.015 · 7.14% · 82 · 19,077,923
Dawine · DW8 · $0.013 · 18.18% · 141 · 17,907,632
Poseidon Nickel · POS · $0.026 · 13.04% · 198 · 16,672,056