NEW YORK (TheStreet) — New Gold (AMEX:NGD) hit a new 52-week high Thursday as it traded at $11.85 compared with its previous 52-Week high of $11.67. New is changing hands at $11.72 with 1.5 million shares traded as of 12:07 p.m. ET. Average volume has been 3.4 million shares over the past 30 days.
New has a market cap of $4.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 19.4% year to date as of the close of trading on Wednesday.
New Gold Inc. engages in the acquisition, exploration, extraction, processing, reclamation, and production of mineral properties. The company primarily focuses on gold, silver, and copper deposits. The company has a P/E ratio of 33.2, above the average metals & mining industry P/E ratio of 25.1 and above the S&P 500 P/E ratio of 16.2.
