Spherix +64.9% after commenting on Senate bill

|About: Spherix Incorporated (SPEX)|By:, SA News Editor

Spherix (SPEX) notes Sen. Pat Leahy recently removed a hotly-debated bill taking aim at patent trolls from the Judiciary Committee's calendar.

Though the tech press is quite unhappy with Leahy's move, Spehix declares it "should remove some of the uncertainty which has been clouding our industry."

Spherix's beaten-down shares have soared following its PR. The company's tiny market cap (currently $30.6M) makes sharp swings a common occurrence.