How much has been sold at that price though? If you buy 100 widgets for $10 each and sell 10 at $20, you make an accounting profit of $200, but in cash terms you are down $800. Keep doing that and you will go bust or need to raise capital from new investors.
Margin means nothing without volume. QIN simply haven't sold that much oil.
QIN Price at posting:
$1.18 Sentiment: Sell Disclosure: Held