There was a 13.8% move upwards today in Petroamerica Oil Corp., stock symbol $PTA.v (bigchart), a company backed by well-known resource investor Frank Giustra.

After market a news release came out that suggests PTA.v could have legs:

Petroamerica Provides an Update on the Las Maracas-4 Well Results and Las Maracas Production, Colombia.

More to come as we conduct our due diligence.

Always do your own.

Disclosure: No long position in PTA.v to report at this time. That could change depending on the market tomorrow. CEO.CA was not paid to write this, but we’d welcome your donations. Good glass of wine on us for every $100 pledged. Please see our disclaimer.