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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Anglogold Ashanti (NYSE: AU) hit a new 52-week low Thursday as it is currently trading at $28.56, below its previous 52-week low of $28.61 with 1.1 million shares traded as of 11:26 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Anglogold Ashanti has a market cap of $11.37 billion and is part of the basic materials sector and metals & mining industry. Shares are down 5.6% year to date as of the close of trading on Wednesday. AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces by-products, such as silver, uranium oxide, and sulfuric acid. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7.