Vringo Now Trading Up 75% in Wake of Blog Post

Earlier on Monday,

noted that a

on techcrunch.com from James Altucher had sent shares of Vringo

skyward. In the article, Altucher notes that a lawsuit which the company recently filed against Google

alleging patent infringement could be extremely lucrative. At the time of Benzinga's original article, VRNG shares were trading up 30%. Subsequently, the stock has exploded higher, adding another 45%. All told, VRNG is now up 75% on the session to $2.89. Volume has been massive in the small-cap name with more than 15.6 million VRNG shares trading hands on the session versus a 3-month daily average of just over 800,000. Given the massive move in the name, the stock will likely remain a very active trading vehicle throughout the week. The company only has a market cap of $31 million, and due to its small size, the stock should remain extremely volatile in the coming days. Small-cap traders should keep an eye on this name as it has offered up some amazing profit opportunities on Monday.