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NEW YORK ( TheStreet) -- Thompson Creek Metals Company (NYSE: TC) hit a new 52-week low Thursday as it is currently trading at $3.49, below its previous 52-week low of $3.50 with 421,452 shares traded as of 10:05 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. Thompson Creek has a market cap of $623.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 48.7% year to date as of the close of trading on Wednesday. Thompson Creek Metals Company Inc. engages in mining, milling, processing, and marketing of molybdenum products in the United States and Canada. The company has a P/E ratio of 3.7, above the average metals & mining industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7.