NEW YORK ( TheStreet) -- Rex Energy Corporation (Nasdaq: REXX) hit a new 52-week low Monday as it is currently trading at $9.15, below its previous 52-week low of $9.25 with 133,925 shares traded as of 10:15 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Rex Energy has a market cap of $543.8 million 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 Friday. Rex Energy Corporation operates as an independent oil and gas company in the Appalachian Basin and the Illinois Basin. It focuses on the Marcellus Shale drilling projects, and Utica Shale and Upper Devonian Shale exploration activities in the Appalachian Basin. The company has a P/E ratio of 24, above the S&P 500 P/E ratio of 17.7.
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