Morning Market Movers (CRFN, ROYL, TORM, KAI)
Crescent Financial Corporation (NASDAQ: CRFN) jumped 89.40% to $4.11 at 9:55 am. Piedmont Community Bank Holdings announced its plans to invest $75 million in CRFN.
Royale Energy Inc (NASDAQ: ROYL) shares advanced 37.96% to $4.93. ROYL received regulatory approval to initiate production on the Goddard #2 well.
TOR Minerals International Inc (NASDAQ: TORM) climbed 19.05% to $13.10. TORM posted a 36% y/y rise in its Q4 revenue.
Kadant Inc (NYSE: KAI) shares surged 15.33% to $24.00. KAI reported a 29% y/y increase in its Q4 revenue from continuing operations.
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