Morning Market Movers (AVL, REE, PRVT, SNTS)

Avalon Rare Metals Inc AVL shares advanced 16.75% to $6.83 by 10:00 am. AVL had no debt in the recent quarter. Rare Element Res Ltd REE climbed 16.71% to $13.69. REE had $11.14 million in total cash and no debt for the latest quarter. Private Media Group Inc PRVT shares surged 15.42% to $1.28. PRVT shares have dropped 44.78% over the past 52 weeks, while the S&P 500 index has gained 11.51% in the same period. Santarus Inc SNTS jumped 15.14% to $3.65. SNTS and its partner Pharming Group NV submitted a Biologics License Application (BLA) for RHUCIN to the US Food and Drug Administration (FDA). Read more from Benzinga's Markets.