The University of New Mexico shooting leaves a teenager dead and a 21-year-old man hospitalized as suspects “ran away”.

A SHOOTING on the University of New Mexico campus killed a teenage student and injured a college basketball player, according to police.

State police are searching for the suspects who ran away after the horror gun violence that killed a 19-year-old University of New Mexico student and injured New Mexico State University player Mike Peake, sources reportedly told local outlets.

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The shooting happened early Saturday morning, hours before the two state schools got together for a much-anticipated basketball game. The event has since been cancelled.

The 19-year-old was pronounced dead at the scene while Peake was taken to hospital where he is in stable condition, police said.

Police officers believe a fight broke out between four people near several UNM dormitories that led to the shooting.

Two of the four people escaped and remain at large, but police said there was no threat to the public at this time and considered the shooting a “unique incident”.

Photos of the active crime scene show investigators masking off the normally busy area in the middle of the apartment buildings.

The University of New Mexico athletics department released a statement acknowledging the shooting and announcing the cancellation of the game.

“Our thoughts are with all those affected by this tragedy,” the university department wrote.

While officials are yet to name one of the victims as Mike Peake, multiple sources reportedly told Las Cruces Sun-News that he was the one who was injured.

Peake has played as a starting power forward with the NMSU Aggies in the first two games of the season.

He played with Georgia and Austin Peay before coming to the University of New Mexico.

The big rivalry game had sold 13,000 tickets before the shock cancellation.

The teams announced they would issue refunds if necessary and rescheduled the game for December 3.