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NEW YORK ( TheStreet) -- Natural Resources Partners L.P (NYSE: NRP) hit a new 52-week low Wednesday as it is currently trading at $23.35, below its previous 52-week low of $23.36 with 161,602 shares traded as of 12:50 p.m. ET. Average volume has been 210,000 shares over the past 30 days. Natural Resources Partners L.P has a market cap of $2.94 billion and is part of the basic materials sector and metals & mining industry. Shares are down 12.9% year to date as of the close of trading on Tuesday. Natural Resource Partners L.P., through its subsidiaries, engages in the ownership and management of coal properties in Appalachia, the Illinois Basin, and the Northern Powder River Basin regions of the United States. The company has a P/E ratio of 48.2, above the average metals & mining industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7.