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NEW YORK ( TheStreet) -- Continental Resources (NYSE: CLR) hit a new 52-week high Wednesday as it is currently trading at $77.69, above its previous 52-week high of $77.50 with 164,335 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Continental has a market cap of $13.44 billion and is part of the basic materials sector and energy industry. Shares are up 11.3% year to date as of the close of trading on Tuesday. Continental Resources, Inc. engages in the exploration and production of crude oil and natural gas primarily in the north, south, and east regions of the United States. The company has a P/E ratio of 26.8, below the average energy industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.