NEW YORK ( TheStreet) -- Alliance Resource Partners (Nasdaq: ARLP) hit a new 52-week high Thursday as it traded at $78.25 compared with its previous 52-Week high of $78.16. Alliance Resource is changing hands at $77.96 with 32,511 shares traded as of 9:50 a.m. ET. Average volume has been 106,000 shares over the past 30 days. Alliance Resource has a market cap of $2.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 16.6% year to date as of the close of trading on Wednesday. Alliance Resource Partners, L.P. engages in the production and marketing of coal for utilities and industrial users in the United States. It offers low, medium, and high-sulfur coal. The company also leases land and operates a coal loading terminal on the Ohio River at Mt. The company has a P/E ratio of 11.2, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 15.9. TheStreet Ratings rates Alliance Resource as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Alliance Resource Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.