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NEW YORK ( TheStreet) -- Resolute Energy (NYSE: REN) hit a new 52-week low Tuesday as it is currently trading at $9.56, below its previous 52-week low of $9.70 with 453,655 shares traded as of 11:15 a.m. ET. Average volume has been 665,900 shares over the past 30 days. Resolute Energy has a market cap of $631.5 million and is part of the basic materials sector and energy industry. Shares are down 5.5% year to date as of the close of trading on Monday. Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, and development of oil and gas properties in the United States. The company has a P/E ratio of 21.7, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.