Morning Market Movers (ONP, IRDMZ, APSA, MRT)

Orient Paper Inc ONP shares advanced 21.80% to $5.81 at 10:00 am. ONP reported a 69.5% year-over-year surge in its Q4 net income.

Iridium Communications Inc IRDMZ shares surged 19.83% to $1.45. IRDMZ received a contract for Phase 3 development of the Distributed Tactical Communications System (DTCS).

Alto Palermo SA APSA jumped 15.85% to $15.64. APSA's trailing-twelve-month operating margin is 44.63%.

Morton's Restaurant Group Inc MRT climbed 15.68% to $7.45. MRT is exploring strategic alternatives, including a possible sale of the company.

Read more from Benzinga's Markets.