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NEW YORK ( TheStreet) -- Talisman Energy (NYSE: TLM) hit a new 52-week low Wednesday as it is currently trading at $9.81, below its previous 52-week low of $9.82 with 6.9 million shares traded as of 2:26 p.m. ET. Average volume has been 5.2 million shares over the past 30 days. Talisman Energy has a market cap of $10.53 billion and is part of the basic materials sector and energy industry. Shares are down 22.3% year to date as of the close of trading on Tuesday. Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company has a P/E ratio of 10.8, below the average energy industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.