NEW YORK ( TheStreet) -- Alliance Holdings GP (Nasdaq: AHGP) hit a new 52-week high Friday as it traded at $57.99 compared with its previous 52-Week high of $57.11. Alliance Holdings GP is changing hands at $57.89 with 7,041 shares traded as of 9:36 a.m. ET. Average volume has been 63,700 shares over the past 30 days. Alliance Holdings GP has a market cap of $3.2 billion and is part of the basic materials sector and metals & mining industry. Alliance Holdings GP, L.P., through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It produces a range of steam coal with varying sulfur and heat contents. TheStreet Ratings rates Alliance Holdings GP as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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 Holdings GP Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.