Morning Market Movers

Magal Security Systems Ltd MAGS surged 32.24% to $6.03 at 9:55 am. MAGS reported a 122.9% y/y surge in its Q4 revenue. GMX Resources Inc GMXR shares advanced 28.72% to $1.61. GMXR reported that it has successfully drilled and completed its fourth operated horizontal Bakken well. SmartHeat Inc HEAT climbed 16.76% to $6.13. SmartHeat's total sales in the fourth quarter surged to $33.68 million, versus $16.57 million in Q3 2011. Crescent Financial Bancshares Inc CRFN surged 15.40% to $4.4199. CRFN had $25.36 million in total cash for the recent quarter.