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NEW YORK ( TheStreet) -- GeoResources (Nasdaq: GEOI) hit a new 52-week high Friday as it is currently trading at $37.31, above its previous 52-week high of $37.17 with 802,609 shares traded as of 3:14 p.m. ET. Average volume has been 314,900 shares over the past 30 days. GeoResources has a market cap of $935.9 million and is part of the basic materials sector and energy industry. Shares are up 24.9% year to date as of the close of trading on Thursday. Georesources, Inc., an independent oil and gas company, engages in the acquisition, re-engineering, development, and exploration of oil and gas reserves in the Southwest, Gulf Coast, and the Williston Basin areas of the United States. The company has a P/E ratio of 29.9, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.