NEW YORK ( TheStreet) -- Gammon Gold (NYSE: AUQ) hit a new 52-week high Wednesday as it is currently trading at $12, above its previous 52-week high of $11.78 with 881,874 shares traded as of 11:12 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Gammon has a market cap of $2 billion and is part of the basic materials sector and metals & mining industry. Shares are up 43% year to date as of the close of trading on Tuesday.

AuRico Gold Inc. engages in the exploration, development, and production of gold and silver mines and projects in Mexico. The company was formerly known as Gammon Gold, Inc. and changed its name to AuRico Gold Inc. in June, 2011.
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TheStreet Ratings rates Gammon as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Gammon Ratings Report.

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