Morning Market Movers (CRFN, ROYL, TORM, KAI)

Crescent Financial Corporation 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 ROYL shares advanced 37.96% to $4.93. ROYL received regulatory approval to initiate production on the Goddard #2 well. TOR Minerals International Inc TORM climbed 19.05% to $13.10. TORM posted a 36% y/y rise in its Q4 revenue. Kadant Inc KAI shares surged 15.33% to $24.00. KAI reported a 29% y/y increase in its Q4 revenue from continuing operations. Read more from Benzinga's Markets.