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NEW YORK ( TheStreet) -- Resolute Energy (NYSE: REN) hit a new 52-week low Wednesday as it is currently trading at $8.57, below its previous 52-week low of $8.62 with 344,846 shares traded as of 1:30 p.m. ET. Average volume has been 730,500 shares over the past 30 days. Resolute Energy has a market cap of $561.8 million and is part of the basic materials sector and energy industry. Shares are down 15.9% year to date as of the close of trading on Tuesday. 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 10.8, below the average energy industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.