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NEW YORK ( TheStreet) -- Ivanhoe Mines (NYSE: IVN) hit a new 52-week low Wednesday as it is currently trading at $11.11, below its previous 52-week low of $11.25 with 3.3 million shares traded as of 4:02 p.m. ET. Average volume has been 3.3 million shares over the past 30 days. Ivanhoe Mines has a market cap of $8.66 billion and is part of the basic materials sector and metals & mining industry. Shares are down 35.2% year to date as of the close of trading on Tuesday. Ivanhoe Mines Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia.