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NEW YORK ( TheStreet) -- EXCO Resources (NYSE: XCO) hit a new 52-week low Thursday as it is currently trading at $6.54, below its previous 52-week low of $6.55 with 1.4 million shares traded as of 10:45 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. EXCO has a market cap of $1.78 billion and is part of the basic materials sector and energy industry. Shares are down 36.5% year to date as of the close of trading on Wednesday. EXCO Resources, Inc., an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. The company has a P/E ratio of 69, above the average energy industry P/E ratio of 15.6 and above the S&P 500 P/E ratio of 17.7.