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NEW YORK ( TheStreet) -- SandRidge Energy Inc (NYSE: SD) hit a new 52-week low Tuesday as it is currently trading at $4.81, below its previous 52-week low of $4.85 with 964,540 shares traded as of 9:40 a.m. ET. Average volume has been 16 million shares over the past 30 days. SandRidge Energy has a market cap of $2.3 billion and is part of the basic materials sector and energy industry. Shares are down 31.6% year to date as of the close of trading on Monday. SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties.