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NEW YORK ( TheStreet) -- RAM Energy Resources (Nasdaq: RAM) hit a new 52-week high Tuesday as it is currently trading at $3.59, above its previous 52-week high of $3.45 with 459,888 shares traded as of 9:40 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. RAM Energy has a market cap of $264 million and is part of the basic materials sector and energy industry. Shares are up 7% year to date as of the close of trading on Friday. RAM Energy Resources, Inc., an independent oil and natural gas company, together with its subsidiaries, engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties in Texas, Oklahoma, and Louisiana. The company has a P/E ratio of 41.9, below the average energy industry P/E ratio of 47.9 and above the S&P 500 P/E ratio of 17.7.