Morning Market Movers (CHGS, CDII, CNAM, OSN)

China GengSheng Minerals Inc CHGS jumped 109.09% to $5.52 at 10:05 am. CHGS' PEG ratio is 0.35. China Direct Industries Inc CDII shares surged 42.66% to $2.04. CDII reported 4.8% y/y rise in its FY10 total revenue. China Armco Metals Inc CNAM climbed 27.86% to $4.36. CNAM projects to produce and sell around 25,500 tons of recycled steel in the fourth quarter of 2010. Ossen Innovation Co Ltd OSN shares advanced 18.37% to $5.80. OSN raised $22.5 million in gross proceeds through its initial public offering (IPO). Read more from Benzinga's Markets.