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NEW YORK ( TheStreet) -- GMX Resources Inc (NYSE: GMXR) hit a new 52-week low Wednesday as it is currently trading at $1.19, below its previous 52-week low of $1.32 with 911,264 shares traded as of 12:05 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. GMX has a market cap of $81 million and is part of the basic materials sector and energy industry. Shares are down 75.7% year to date as of the close of trading on Tuesday. GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States.