NEW YORK ( TheStreet) -- Globe Specialty Metals (Nasdaq: GSM) hit a new 52-week high Wednesday as it is currently trading at $25.03, above its previous 52-week high of $24.80 with 369,811 shares traded as of 10:37 a.m. ET. Average volume has been 758,300 shares over the past 30 days. Globe Specialty has a market cap of $1.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 38.1% year to date as of the close of trading on Tuesday. Globe Specialty Metals, Inc., together with its subsidiaries, produces silicon metal and silicon-based alloys. The company offers chemical and metallurgical grade silicon metal, which is used as a raw material in making silicone compounds, aluminum, and polysilicon. The company has a P/E ratio of 41.1, below the average metals & mining industry P/E ratio of 41.8 and above the S&P 500 P/E ratio of 17.7.
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