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NEW YORK ( TheStreet) -- San Juan Basin Royalty (NYSE: SJT) hit a new 52-week low Wednesday as it is currently trading at $17.76, below its previous 52-week low of $17.79 with 105,505 shares traded as of 10:34 a.m. ET. Average volume has been 225,600 shares over the past 30 days. San Juan Basin Royalty has a market cap of $889.3 million and is part of the basic materials sector and energy industry. Shares are down 21.4% year to date as of the close of trading on Tuesday. San Juan Basin Royalty Trust operates as an express trust. It has a 75% net overriding royalty interest carved out of Burlington Resources Oil & Gas Company LP's oil and gas leasehold and royalty interests (the underlying properties) located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 13, below the average energy industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.