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NEW YORK ( TheStreet) -- Great Basin Gold (AMEX: GBG) hit a new 52-week low Monday as it is currently trading at 85 cents, below its previous 52-week low of 86 cents with 473,981 shares traded as of 10:35 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Great Basin has a market cap of $489.9 million and is part of the basic materials sector and metals & mining industry. Shares are down 2.1% year to date as of the close of trading on Friday. Great Basin Gold Ltd. engages in the acquisition, exploration, and development of precious metal deposits. It explores for gold, silver, and aggregate.