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Wednesday, November 16, 2011

Colombia Stock Movers : Avianca Taca Holding, Canacol Energy

The following companies are having unusual price changes in Bogotá trading. 

Stock symbols are in parentheses and prices are as of 10:29 a.m. local time.

The IGBC Index fell 0.4 percent to 12,844.82, while the Colcap Index slipped 0.5 percent to 1,574.85.

Avianca Taca Holding SA (PFAVTA CB), the owner of Colombia’s largest airline, rose 1.5 percent, the most on an intraday basis in two weeks, to 4,060 pesos. 

The company said third-quarter revenue rose 27 percent from a year ago to 1.92 trillion pesos ($1 billion), according to a regulatory filing Nov. 11.

Canacol Energy Ltd. (CNEC CB), the Calgary-based oil company that operates fields in South America, rose 3.2 percent to 1,295 pesos. 

The company said third-quarter revenue doubled from a year ago to $35.3 million, according to a regulatory filing today. 

Third-quarter average daily sales nearly tripled from a year ago to 9,910 barrels of crude, the filing said.

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