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NEW YORK ( TheStreet) -- Walter Energy (NYSE: WLT) hit a new 52-week low Friday as it is currently trading at $42.12, below its previous 52-week low of $42.20 with 1.2 million shares traded as of 10 a.m. ET. Average volume has been three million shares over the past 30 days. Walter Energy has a market cap of $2.86 billion and is part of the basic materials sector and metals & mining industry. Shares are down 24.6% year to date as of the close of trading on Thursday. Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products. The company has a P/E ratio of 9.4, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.