12:42 PM EDT, 08/20/2025 (MT Newswires) -- Covalon Technologies ( CVALF ) was last seen up 5.7% on Wednesday after the company said its shares are now eligible for electronic clearing and settlement in the United States through The Depository Trust Company (DTC).

By being DTC eligible, shares experience a simplified trading process by eliminating manual delays and higher transaction costs often associated with cross-border securities. Additionally, the company can now generate increased U.S. interest, which will enhance liquidity and improve Covalon's ( CVALF ) positioning in the United States.

"Receiving DTC eligibility significantly streamlines the investment process for U.S. shareholders and demonstrates the commitment to growing our presence in U.S. capital markets, where we have received very positive feedback from investors." chief executive Brent Ashton said,

Covalon Technologies ( CVALF ) shares were last seen up $0.16 to $2.95 on the TSX Venture Exchange

Price: 2.95, Change: +0.16, Percent Change: +5.73