REFILE-BUZZ-Ivanhoe Energy Inc: Stock surges, IIROC queries

Fri Aug 29, 2014 2:46pm EDT
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** Oil and gas company's shares up about 73 pct at $2.77

** Investment Industry Regulatory Organization of Canada (IIROC) questions unusual trading activity on behalf of Toronto Stock Exchange

** Company tells IIROC it is not aware of "any specific factors" that would result in current levels of trading activity and change in share price

** Company confirmed on Wednesday that it had a services contract to develop an oilfield in Ecuador

** Earlier this month, said it would proceed with 7:1 share consolidation to regain compliance with NASDAQ listing requirements

** Up to Thursday's close, stock had fallen about 70 pct in past 12 months