Australia's Arrow Minerals rises on iron ore project acquisition

** Shares of Arrow Minerals AMD.AX rise as much as 14.3% to A$0.032, their biggest intraday percentage gain since October 1

** Stock down 8.8% for the week

** Iron ore explorer agrees to acquire the Turee Creek Iron Ore Project in Western Australia's Pilbara region

** Arrow also lodges 12 new exploration applications, including tenements near operations owned by Rio Tinto, Fortescue and Mineral Resources

** YTD, stock up 60%, including the session's moves