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NEW YORK ( TheStreet) -- Pan American Silver Corporation (Nasdaq: PAAS) hit a new 52-week low Monday as it is currently trading at $18.57, below its previous 52-week low of $19.15 with 65,012 shares traded as of 9:30 a.m. ET. Average volume has been two million shares over the past 30 days. Pan American has a market cap of $3.1 billion and is part of the basic materials sector and metals & mining industry. Shares are down 12.1% year to date as of the close of trading on Friday. Pan American Silver Corp. explores, develops, and operates silver producing properties and assets. The company engages in silver mining and related activities, including exploration, mine development, extraction, processing, refining, and reclamation. The company has a P/E ratio of 5.8, below the average metals & mining industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.