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NEW YORK ( TheStreet) -- Plains All American Pipeline (NYSE: PAA) hit a new 52-week high Monday as it is currently trading at $66.05, above its previous 52-week high of $65.96 with 124,748 shares traded as of 11:49 a.m. ET. Average volume has been 752,900 shares over the past 30 days. Plains All American Pipeline has a market cap of $9.5 billion and is part of the basic materials sector and energy industry. Shares are up 3.9% year to date as of the close of trading on Friday. Plains All American Pipeline, L.P. engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products (LPG) in the United States and Canada. The company has a P/E ratio of 21.7, above the average energy industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.