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NEW YORK ( TheStreet) -- Noranda Aluminum (NYSE: NOR) hit a new 52-week low Tuesday as it is currently trading at $6.92, below its previous 52-week low of $6.95 with 133,571 shares traded as of 10:55 a.m. ET. Average volume has been 310,200 shares over the past 30 days. Noranda Aluminum has a market cap of $561.3 million and is part of the basic materials sector and metals & mining industry. Shares are down 52.1% year to date as of the close of trading on Monday. Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. It mines, produces, and sells bauxite used for alumina production. The company has a P/E ratio of 3.5, below the average metals & mining industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7.