NEW YORK ( TheStreet) -- InterOil Corporation (NYSE: IOC) hit a new 52-week low Tuesday as it is currently trading at $43.35, below its previous 52-week low of $47.29 with 1.4 million shares traded as of 12:15 p.m. ET. Average volume has been 503,900 shares over the past 30 days. InterOil has a market cap of $2.5 billion and is part of the basic materials sector and energy industry. Shares are down 23.6% year to date as of the close of trading on Monday. InterOil Corporation primarily engages in the exploration, appraisal, and development of crude oil and natural gas properties in Papua New Guinea. It also involves in the refining and liquefaction of jet fuel, diesel, and gasoline, as well as naphtha and low sulfur waxy residue.
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