Morning Market Movers (LONG, GFRE, SCEI, SAPXD)

eLong Inc LONG jumped 29.72% to $22.00 at 9:45 am. Tencent Holdings Ltd purchased an $84.4 million stake in eLong Inc. Gulf Resources Inc GFRE shares surged 19.80% to $3.63. GFRE reported a 52.8% y/y surge in its Q1 revenue. Sino Clean Energy Inc SCEI shares advanced 18.75% to $2.85. SCEI reported a 38% year-over-year surge in its Q1 revenue. Seven Arts Pictures PLC SAPXD climbed 18.72% to $2.79. SAPXD shares have jumped 667.97% over the past 52 weeks, while the S&P 500 index has gained 16.93% in the same period. Read more from Benzinga's Markets.