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NEW YORK ( TheStreet) -- Kaiser Aluminum Corporation (Nasdaq: KALU) hit a new 52-week high Tuesday as it is currently trading at $55.82, above its previous 52-week high of $55.76 with 84,961 shares traded as of 3:06 p.m. ET. Average volume has been 171,200 shares over the past 30 days. Kaiser Aluminum has a market cap of $1 billion and is part of the basic materials sector and metals & mining industry. Shares are up 6% year to date as of the close of trading on Monday. Kaiser Aluminum Corporation produces and sells semi-fabricated specialty aluminum products primarily in the United States and Canada. The company has a P/E ratio of 62.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.