Cape Lambert Resources (ASX:CFE), an Australian resources and investment company, has appointed Stefan Müller as a non-executive director effective from January 1, 2018.
Müller has extensive financial markets and investment banking knowledge and experience built over his 25-year career.
He is the chief executive officer and founder of DGWA Deutsche Gesellschaft für Wertpapieranalyse GmbH, a boutique European investment and financial markets consulting firm based in Frankfurt, Germany.
Shares have more than doubled in last week
Shares in Cape Lambert have more than doubled in the last week, hitting an intraday high of $0.06 on Tuesday.
Tony Sage, chairman, said: “Appointing Stefan to the board of Cape Lambert provides us with the opportunity to expand the level of interest in Cape Lambert throughout Europe.
"Müller had recently joined the board of European Lithium Limited, and its shares were up 400% since his appointment."