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NEW YORK ( TheStreet) -- GMX Resources (NYSE: GMXR) hit a new 52-week low Thursday as it is currently trading at $3.72, below its previous 52-week low of $3.98 with 1.9 million shares traded as of 11:16 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. GMX has a market cap of $266 million and is part of the basic materials sector and energy industry. Shares are down 14.7% year to date as of the close of trading on Wednesday. GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States.