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NEW YORK ( TheStreet) -- Peabody Energy Corporation (NYSE: BTU) hit a new 52-week low Thursday as it is currently trading at $22.80, below its previous 52-week low of $22.85 with 2.3 million shares traded as of 10:50 a.m. ET. Average volume has been 8.6 million shares over the past 30 days. Peabody Energy has a market cap of $6.87 billion and is part of the basic materials sector and metals & mining industry. Shares are down 27.7% year to date as of the close of trading on Wednesday. Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. The company has a P/E ratio of 6.8, above the average metals & mining industry P/E ratio of 6.7 and below the S&P 500 P/E ratio of 17.7.