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NEW YORK ( TheStreet) -- Great Basin Gold (AMEX: GBG) hit a new 52-week low Tuesday as it is currently trading at $1.33, below its previous 52-week low of $1.41 with 197,845 shares traded as of 9:31 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. Great Basin has a market cap of $706.7 million and is part of the basic materials sector and metals & mining industry. Shares are down 51.7% year to date as of the close of trading on Monday. Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate.