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NEW YORK ( TheStreet) -- Sociedad Quimica Y Minera De Chile (NYSE: SQM) hit a new 52-week high Wednesday as it is currently trading at $64.20, above its previous 52-week high of $62.89 with 146,450 shares traded as of 10:17 a.m. ET. Average volume has been 539,500 shares over the past 30 days. Sociedad Quimica Y Minera De Chile has a market cap of $16.2 billion and is part of the basic materials sector and chemicals industry. Shares are up 7.2% year to date as of the close of trading on Tuesday. Chemical & Mining Co. of Chile Inc. engages in the production and sale of fertilizers and specialty chemicals in Chile and internationally. The company has a P/E ratio of 46.6, above the average chemicals industry P/E ratio of 39 and above the S&P 500 P/E ratio of 17.7.