NEW YORK ( TheStreet) -- Quicksilver Resources (NYSE: KWK) hit a new 52-week low Friday as it is currently trading at $3.59, below its previous 52-week low of $3.60 with 1.3 million shares traded as of 10:35 a.m. ET. Average volume has been 4.2 million shares over the past 30 days. Quicksilver has a market cap of $689.4 million and is part of the basic materials sector and energy industry. Shares are down 42% year to date as of the close of trading on Thursday. Quicksilver Resources Inc. engages in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil onshore in North America. It focuses primarily on unconventional reservoirs in fractured shales, coal beds, and tight sands. The company has a P/E ratio of 6.7, below the average energy industry P/E ratio of 7.1 and below the S&P 500 P/E ratio of 17.7.
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