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NEW YORK ( TheStreet) -- Pengrowth Energy (NYSE: PGH) hit a new 52-week low Friday as it is currently trading at $6.77, below its previous 52-week low of $6.78 with 932,302 shares traded as of 11:35 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Pengrowth Energy has a market cap of $2.55 billion and is part of the basic materials sector and energy industry. Shares are down 29.4% year to date as of the close of trading on Thursday. Pengrowth Energy Corporation engages in the acquisition, exploration, development, and production of oil and natural gas reserves in Canada. It primarily explores for crude oil, natural gas, and natural gas liquids in the provinces of Alberta, British Columbia, Saskatchewan, and Nova Scotia. The company has a P/E ratio of 30.5, above the average energy industry P/E ratio of 28.4 and above the S&P 500 P/E ratio of 17.7.