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C&C Energia up 19% on acquisition news: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| November 19, 2012

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On Monday, the top TSX mover was Bombardier Inc. (TSX: T.BBD.B, Stock Forum). It rose 1.6% and was trading at $3.17 on volume of 4.3 million shares. On Nov. 18, the transportation manufacturer said Addis Ababa-based Ethiopian Airlines was the first airline to take delivery of Q400 NextGen turboprop airliners outfitted with a dual-class configuration on the production line.

C&C Energia Ltd. (TSX: T.CZE, Stock Forum) was the second most active stock on the TSX. The stock climbed 19.47% and trading at $8.96 on volume of 2.9 million. The oil and gas company said Pacific Rubiales Energy Corp. (TSX: T.PRE, Stock Forum) acquired all of its outstanding shares, which will be used to create a new Colombia-focused exploration company

New Guinea Gold Corp. (TSX: V.NGG, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 100% and was trading at $0.01 on volume of 6.9 million. The mineral exploration company had no related news to explain the high volume in trades.

The second most active stock on the TSX Venture was WesternZagros Resources Ltd. (TSX: V.WZR, Stock Forum). It was up 11.71% and was trading at $1.24 a share after 3.9 million shares traded hands. The junior oil and gas exploration company said it had achieved flow rates of up to 3,450 barrels per day of light oil from its first cased hole test in Kurdamir-2, located in Iraq.



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