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NEW YORK ( TheStreet) -- Ivanhoe Mines (NYSE: IVN) hit a new 52-week low Thursday as it is currently trading at $8.22, below its previous 52-week low of $8.39 with 614,622 shares traded as of 10:10 a.m. ET. Average volume has been 4.2 million shares over the past 30 days. Ivanhoe Mines has a market cap of $6.56 billion and is part of the basic materials sector and metals & mining industry. Shares are down 50.1% year to date as of the close of trading on Wednesday. Ivanhoe Mines Ltd., together with its subsidiaries, operates as a mineral exploration, development, and production company in central Asia and Australia.