NEW YORK ( TheStreet) -- North American Palladium (AMEX: PAL) hit a new 52-week low Friday as it is currently trading at $2.65, below its previous 52-week low of $2.67 with 663,414 shares traded as of 10:55 a.m. ET. Average volume has been 2.8 million shares over the past 30 days. North American Palladium has a market cap of $510.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 61% year to date as of the close of trading on Thursday. North American Palladium Ltd. engages in the exploration and production of palladium and gold properties primarily in Canada. It explores primarily for palladium, gold, platinum, nickel, and copper metals. The company has a P/E ratio of 104.7, above the S&P 500 P/E ratio of 17.7.
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