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NEW YORK ( TheStreet) -- Ivanhoe Mines (NYSE: IVN) hit a new 52-week low Tuesday as it is currently trading at $11.73, below its previous 52-week low of $11.75 with 2.2 million shares traded as of 3:30 p.m. ET. Average volume has been three million shares over the past 30 days. Ivanhoe Mines has a market cap of $10 billion and is part of the basic materials sector and metals & mining industry. Shares are down 32.6% year to date as of the close of trading on Monday. Ivanhoe Mines Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia.