NEW YORK (

TheStreet

) --

Silver Standard Resources

(Nasdaq:

SSRI

) hit a new 52-week low Thursday as it is currently trading at $12.49, below its previous 52-week low of $12.51 with 70,845 shares traded as of 9:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Silver Standard has a market cap of $1.04 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 54.9% year to date as of the close of trading on Wednesday.

Silver Standard Resources Inc. engages in the exploration, development, and production of mineral resource properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. The company primarily explores for silver, gold, tin, zinc, lead, and copper deposits. The company has a P/E ratio of 2.3, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Silver Standard as a

hold

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

Silver Standard Ratings Report

.

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