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NEW YORK ( TheStreet) -- Peabody Energy Corporation (NYSE: BTU) hit a new 52-week low Wednesday as it is currently trading at $29.53, below its previous 52-week low of $29.78 with 310,720 shares traded as of 9:35 a.m. ET. Average volume has been 5.8 million shares over the past 30 days. Peabody Energy has a market cap of $9.98 billion and is part of the basic materials sector and metals & mining industry. Shares are down 9.8% year to date as of the close of trading on Tuesday. Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. The company has a P/E ratio of 8.1, below the average metals & mining industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.