Canacol Starts Trading on BVC

Shares of Canadian oil company Canacol began trading on the Colombian stock exchange yesterday under the symbol CNEC. The shares opened at COP1,743 and closed at COP1,875. Canacol did not issue new shares. Instead, it is allowing common shares that are currently trading on the TSX Venture Exchange to be traded through the BVC. The company has 11 exploration and production blocks in Colombia and plans to invest $37m in the country. It also has operations in Guyana and Brazil. Citi handled the BVC listing.