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NEW YORK ( TheStreet) -- Allied Nevada Gold (AMEX: ANV) hit a new 52-week high Friday as it is currently trading at $43.53, above its previous 52-week high of $43.49 with 471,769 shares traded as of 12:29 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Allied Nevada has a market cap of $3.7 billion and is part of the basic materials sector and metals & mining industry. Shares are up 57.5% year to date as of the close of trading on Thursday. Allied Nevada Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in the state of Nevada. The company has a P/E ratio of 296.6, above the average metals & mining industry P/E ratio of 276.9 and above the S&P 500 P/E ratio of 17.7.