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NEW YORK ( TheStreet) -- PNM Resources Inc (NYSE: PNM) hit a new 52-week high Wednesday as it is currently trading at $17.57, above its previous 52-week high of $17.43 with 6,029 shares traded as of 9:30 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. PNM has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. Shares are up 34.9% year to date as of the close of trading on Tuesday. PNM Resources, Inc., together with its subsidiaries, operates in energy and energy-related businesses in the United States. It primarily engages in the generation, transmission, and distribution of electricity. The company generates electricity using coal, nuclear, natural gas, and wind energy.