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NEW YORK ( TheStreet) -- Encana (NYSE: ECA) hit a new 52-week low Thursday as it is currently trading at $19.47, below its previous 52-week low of $19.50 with 2.1 million shares traded as of 1:40 p.m. ET. Average volume has been 4.7 million shares over the past 30 days. Encana has a market cap of $15.2 billion and is part of the basic materials sector and energy industry. Shares are down 32.7% year to date as of the close of trading on Wednesday. Encana Corporation engages in the exploration for, development, production, and marketing of natural gas and natural gas liquids primarily in Canada and the United States. The company has a P/E ratio of 20.9, above the average energy industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7.