NEW YORK (

TheStreet

) --

Patriot Coal Corporation

(NYSE:

PCX

) hit a new 52-week low Friday as it is currently trading at $8.77, below its previous 52-week low of $8.78 with 2.1 million shares traded as of 10:30 a.m. ET. Average volume has been 6.7 million shares over the past 30 days.

Patriot Coal has a market cap of $841.1 million and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 52.5% year to date as of the close of trading on Thursday.

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Patriot Coal Corporation engages in the mining, production, and sale of thermal coal primarily to electricity generators in the eastern United States. It has operations and coal reserves in the Appalachia and the Illinois Basin coal regions.

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TheStreet Ratings rates Patriot Coal as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full

Patriot Coal Ratings Report

.

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