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NEW YORK ( TheStreet) -- Thompson Creek Metals Company (NYSE: TC) hit a new 52-week low Monday as it is currently trading at $3.28, below its previous 52-week low of $3.31 with two million shares traded as of 2:25 p.m. ET. Average volume has been 2.6 million shares over the past 30 days. Thompson Creek has a market cap of $595 million and is part of the basic materials sector and metals & mining industry. Shares are down 49.9% year to date as of the close of trading on Friday. 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 3.5, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.