highest volume stocks On ASX

Such stocks are a result of strong investor attention because heavy trading activity usually reflects major operational milestones.

The following ASX highest volume stocks signal emerging opportunities because of higher liquidity and stronger market participation along with upcoming catalysts.

EQ Resources Limited (ASX: EQR) 

is one of the highest- volume ASX stocks right now because the share price rose 53% in the past one week and 297% year to date which was supported by strong operational milestones and higher tungsten prices.

Tungsten market conditions remain favourable because APT prices reached US$900 per mtu in early January 2026 which marked a sharp rise year-on-year.

The company in the December 2025 quarter reported record mining and processing results at its Barruecopardo mine in Spain. Output reached 32,408 mtu of tungsten concentrate which stands as the second highest quarterly production in the company’s history.

EQR also improved its financial position after a $34 million equity raising and debt refinancing. Cash on hand increased to $21.98 million as of 31 December 2025. The company is now well placed to benefit from supply shortages and steady demand for critical minerals through 2026.

Lindian Resources Limited (ASX: LIN) 

is among the most actively traded stocks on the ASX right now. The share price has risen 43% in the past week after the company announced a major acquisition that speeds up its move into downstream rare earth processing.

The company signed a binding term sheet to acquire 100% of the operational SARECO Mixed Rare Earth Carbonate hydrometallurgical plant in Kazakhstan. The transaction will happen through a 51:49 incorporated joint venture with RA Group which gives Lindian majority control.

The purchase price is US$15 million which is far lower than the more than $500 million usually required to build a new cracking and leaching plant and both the Kangankunde Rare Earths Project in Malawi and the SARECO plant are expected to be operational by Q4 2026.

The deal includes an initial US$3 million payment after due diligence while a further US$12 million will be paid once efficient commercial production is reached.

St George Mining Limited (ASX: SGQ) 

is one of the highest volume stocks on the ASX as investors react to progress at its Araxa rare earths and niobium project in Brazil.

The company recently reported a major upgrade to its mineral resource estimate which now stands at about 70.91 million tonnes grading 4.06% TREO along with significant niobium mineralisation.

This large resource makes the project one of the most significant hard rock rare earth deposits outside China which highlights its strategic role in global supply chains.

SGQ has around $53 million in cash and upcoming catalysts include further drilling results, metallurgical test work and pilot plant development.

(Source: Company Reports)