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NEW YORK ( TheStreet) -- Patriot Coal Corporation (NYSE: PCX) hit a new 52-week low Friday as it is currently trading at $5.41, below its previous 52-week low of $5.42 with 351,214 shares traded as of 9:40 a.m. ET. Average volume has been 7.1 million shares over the past 30 days. Patriot Coal has a market cap of $542.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 35.1% year to date as of the close of trading on Thursday. Patriot Coal Corporation engages in the mining, production, and sale of thermal coal primarily to electricity generators in the eastern United States. It has operations and coal reserves in the Appalachia and the Illinois Basin coal regions.