NEW YORK ( TheStreet) -- GeoResources (Nasdaq: GEOI) hit a new 52-week high Monday as it is currently trading at $35.75, above its previous 52-week high of $35.69 with 203,732 shares traded as of 1 p.m. ET. Average volume has been 291,800 shares over the past 30 days. GeoResources has a market cap of $767.1 million and is part of the basic materials sector and energy industry. Shares are up 18.2% year to date as of the close of trading on Friday. Georesources, Inc., an independent oil and gas company, engages in the acquisition, re-engineering, development, and exploration of oil and gas reserves in the Southwest, Gulf Coast, and the Williston Basin areas of the United States. The company has a P/E ratio of 27.3, above the average energy industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.
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