NEW YORK (

TheStreet

) --

Gammon Gold

(NYSE:

GRS

) hit a new 52-week high Thursday as it is currently trading at $11.06, above its previous 52-week high of $10.99 with 424,324 shares traded as of 10:03 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Gammon has a market cap of $1.8 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are up 32.8% year to date as of the close of trading on Wednesday.

Gammon Gold Inc., through its subsidiaries, engages in the acquisition, exploration, development, and mining of gold and silver deposits in North America.

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TheStreet Ratings rates Gammon as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full

Gammon Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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