Bloomberg News

Colombia Stock Movers: Avianca Taca Holding, Canacol Energy

November 15, 2011

Nov. 15 (Bloomberg) -- The following companies are having unusual price changes in Bogota 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.

--Editors: Glenn J. Kalinoski, Marie-France Han

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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